What is the meaning of DEBIT CARD?

Subtopics: EFT Card 

DEBIT CARD is a banking card enhanced with automated teller machine (ATM) and point-of-sale (POS) features so that it can be used at merchant locations. A debit card is linked to an individual's checking account, allowing funds to be withdrawn at the ATM and point-of-sale without writing a check. Each financial institution creates an identity for its debit card to customize the product and differentiate it in the market. Debit cards can also be called deposit access cards.

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APABarry Goldsmith. (2010). debit card. Retrieved September 23, 2026, from http://smartdefine.org/debit_card/definitions/1151519
ChicagoBarry Goldsmith. 2010. "debit card" http://smartdefine.org/debit_card/definitions/1151519 (accessed September 23, 2026).
HarvardBarry Goldsmith 2010, debit card, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/debit_card/definitions/1151519>.
MLABarry Goldsmith. "debit card" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/debit_card/definitions/1151519>
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