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Debit card - what is it? The meaning of a word, definition, origin, translation

What is a Debit Card?

Debit (stress on "o") card is a bank payment tool , which does not provide a credit limit. Simply put, a debit card is called such a card, to which you must first put money , and only then something to buy it. This is the difference between a debit card and a credit card: for a credit card, the bank immediately gives you a certain amount of money, after spending which, you will be obliged to return it to the bank with fairly perennial interest.

The word Debit in Latin means "debt", therefore it is the duty of every holder of a debit card to replenish it first, and only then go on it to buy something. In addition to paying for purchases, a debit card can be used to withdraw cash from ATMs and transfer money to relatives through electronic banking systems.




The debit card is in the list: Finance


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