A card much like a credit card, but which takes money directly from the bank account, rather than borrowing money at a rate of interest, and uses a PIN instead of a signature
A debit card is a plastic card which provides an alternative payment method to cash when making purchases. Physically the card is an ISO 7810 card like a credit card; however, its functionality is more similar to writing a check as the funds are withdrawn directly from either the cardholder's bank account (often referred to as a check card), or from the remaining balance on a gift card
A debit card is a bank card that you can use to pay for things. When you use it the money is taken out of your bank account immediately. A bankcard used to make an electronic withdrawal from funds on deposit in a bank, as in purchasing goods or obtaining cash advances. a plastic card with your signature on that you can use to pay for things. The money is taken directly from your bank account cash card, cheque card, credit card
A payment card linked to a bank or building society account, used to pay for goods and services by debiting the holder's account, usually also combined with other facilities such as ATM and cheque guarantee functions
A bank card with direct access to a card holder's account, usually a checking or savings account The card acts like a check with the money withdrawn from the existing account balance The withdrawal of funds is immediate with online debit cards, delayed a day or two with off-line debit cards Debit cards that carry the logo of either MasterCard or VISA can be used at any location that displays that network's logo
A banking card enhanced with ATM (automated teller machine) and POS (point-of-sale) features that can be used to purchase goods and services electronically The card replaces cash or checks Transactions are deducted from the cardholder's checking account For more information on LaSalle Bank products, click here
A card that resembles a credit card but which debits a transaction account (checking account) with the transfers occurring contemporaneously with the customer's purchases A debit card may be machine readable, allowing for the activation of an automated teller machine or other automated payments equipment
A financial instrument used by consumers in place of cash Unlike a credit card, debit card purchases are deducted automatically from the cardholder's account, like a check Visa and MasterCard now offer debit cards through banks and other financial institutions
An ATM bankcard, also called a check card, allows a merchant to deduct money directly directly from a customer's bank account Debit cards issued with a Visa or MasterCard logo are accepted by any merchant that also accepts Visa or MasterCard credit cards
A plastic card used to initiate a debit transaction In general, these transactions are used primarily to purchase goods and services and to obtain cash, for which the cardholder's asset account is debited by the issuer
A plastic card that, when used in conjunction with a personal identification number (PIN), allows you to electronically access your bank accounts from automated banking machines or at retailers offering the Interac Direct Payment service
Debit cards look like credit cards or ATM (automated teller machine) cards, but operate like electronic cash or a personal cheque When a purchase is made with a debit card, the amount is automatically deducted from the associated account No credit is extended to the cardholder and hence no debt or interest charge is incurred
A bank-issued plastic card that provides direct access to a cardholder's checking or savings account Any withdrawal of funds is immediate with online debit cards and delayed a day or two with offline debit cards Debit cards that carry the logo of either MasterCard or VISA can be used at any location that displays that network's logo
A plastic card that you can use like a credit card The difference is that a credit card lets you borrow money for a purchase, while a debit card makes payment immediately and electronically from your checking account or savings account ; also called "check card" or "cash card "
(a) A card with value encoded on the magnetic stripe, which is re-encoded with a lower value at each use; (b) A magnetic stripe card used with a PIN number to authorize electronic debit of funds from an account
This plastic card looks like a credit card, but it is used to withdraw money from a savings or checking account When you use a debit card at Automatic Teller Machines or in stores to make purchases, money is immediately withdrawn from your account You cannot withdraw more money than you have in the account
An ATM bankcard used to purchase goods and services and to obtain cash A debit card debits the cardholder's personal deposit account and requires a Personal Identification Number (PIN) for use Debit cards branded with a bankcard logo (e g Visa) can be accepted in Internet transactions without a PIN
Payment card whose funds are withdrawn directly from the cardholder's checking account at the time of sale (online debit) or after batch settlement (off-line debit)
A magnetic stripe card (commonly an ATM card) used at POS for customer purchases It avoids providing credit by instantly withdrawing the purchase payment from the card owner's bank account See ATM Card Also called a check card
Payment card whose funds are withdrawn directly from the cardholder's checking account at the time of sale (online debit on a Debit Network) or after batch settlement (off-line debit on a Credit Card Network)
A form of charge card that draws funds from a bank account, also called an ATM card It is not a credit line It requires the customer to enter a personal identification number (PIN)
A card that automatically deducts charges from you checking or other established account There is no credit involved with using a debit card When you use the debit card, funds are transferred from you established account to the account of the supplier
a card linked to a bank or building society current account It is used to pay for goods and services by immediately debiting your account, much like writing a cheque No credit is extended to the cardholder Default - non-payment of an account according to the terms of the cardholder agreement If you are declared in default, your account may be subject to higher interest rate charges Deferred payment - delayed payment Direct debit - a pre-authorised arrangement to automatically have your credit card bill paid directly from your bank account every month
A card that resembles a credit card but which debits a transaction account (checking account) with the transfers occuring contemporaneously with the customer's purchases A debit card may be machine readable, allowing for the activation of an automated teller machine or other automated payments equipment [FRBC] A card that resembles a credit card but which debits a transaction account (checking account) with the transfers occurring contemporaneously with the customer's purchases A debit card may be machine readable, allowing for the activation of an automated teller machine or other automated payments equipment [FRBM][FRBSF] (see also Automated Teller Machines, check, payment system)