What Does Debit Card Mean?
An electronic card issued by a bank which allows bank clients access to their account to withdraw cash or pay for goods and services. This removes the need for bank clients to go to the bank to remove cash from their account as they can now just go to an ATM or pay electronically at merchant locations. This type of card, as a form of payment, also removes the need for checks as the debit card immediately transfers money from the client's account to the business account.
A bank issued card that can be used in lieu of a check to pay for goods and services as well as used as an ATM card. At the time of purchase, debit cards directly withdraw money from the user's checking account.
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