What is Debit Card and How to use it?

A debit card is a plastic payment card to make any transaction at the Bank ATM or to the merchant. Unlike another plastic card like a credit card any transaction done through a debit card transfers the money from the bank account of a cardholder.

A debit card offers the following benefits to card users.

1. With the debit cards, it has become possible to withdraw the cash 24*7.
2. A debit card has undoubtedly reduced the risk of money loss.
3. A debit card is easy to carry anytime and can be issued free of cost.
4. It can be used conveniently at our comfort zones for ATM withdrawals, Online shopping and making payment through Point-of-sale machines.
5. With the quick transactions and several bonuses and rewards, the debit cards have indeed become the preferred choice for making transactions.

Using and paying with debit cards:

A virtual debit card is used for online shopping, paying rents and other utility bills, ordering food etc. It can be used at the payment gateway by entering details such as Account number, Expiry date and CVV number. To use debit cards in the swipe machine, you will be asked to enter your debit card Pin after the merchant swipes the card in the swiping machine. The transaction is completed as you press enter in a few minutes. A debit card can also be used at ATMs to withdraw money from the bank account.

Read more about: What is Debit card and how to apply for debit card?