Debit card | askHanuman

posted: 4 years ago
Debit card | askHanuman

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Debit card

A debit card will let you withdraw, make purchases or write checks where the money will be drawn from your account. When you pay with it you use money you already have in your account, while when you are using a credit card you borrow money from the bank.

Debit cards are normally connected to your checking account. There are no issues of interest, because you do not borrow money. Nevertheless, there are often fees when using a debit card. These fees are usually small though.

You can get a debit card regardless of your credit score, because the bank is not loaning you money.

Despite detailed research we can not guarantee the accuracy or completeness of the information provided.

credit card


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