1. A debit card refers to a bank card issued by the issuing bank to the cardholder, which has no credit limit and the cardholder deposits first and then uses it.
second, debit cards are divided into transfer cards, special cards and stored-value cards according to different functions. Debit cards cannot be overdrawn. The transfer card has the functions of transfer, cash deposit and withdrawal and consumption. Special card is a debit card used in a specific area and for special purposes (other than department stores, restaurants and entertainment industries), which has the functions of transferring money and depositing and withdrawing cash. Stored value card is a prepaid wallet debit card in which the bank transfers funds to the card for storage according to the cardholder's requirements, and directly deducts money from the card during the transaction.
Third, debit cards are becoming more and more popular, which can easily replace cash and checks for consumption and transactions. In recent years, debit cards have gradually become the most popular payment cards. Hundreds of millions of debit cards are being used all over the world.
4. If the debit card is only applicable to local merchants, it will usually be printed with the logo of the card issuer and its applicable processing system. International debit cards have the same appearance as credit cards, and the logo of the international payment card institution is printed on the lower right corner. It is popular in all the sales points that accept credit cards. The difference is that when a debit card is used, the amount will be automatically deducted from the bank account instead of being included in the credit line.
5. Safety and reliability: Debit cards have the same security as credit cards. If you lose your debit card or suspect that it has been stolen, you should report the loss to your bank immediately, so as to prevent others from stealing it and reduce the loss. Remember: just because the card issuer provides you with consumer protection doesn't mean you can care about your debit card; Debit cards, like money in a bank account, should be properly kept.
VI. Debit cards are called debit cards in Mastercard and Visa financial cards in Visa. They are payment instruments that link current accounts. The cardholders must deposit first and then spend (or withdraw cash). At the same time, they must open current accounts in the issuing bank. Credit cards can be used to spend money first and then return the money to the bank within a certain period of time when there is no money in the account. Debit cards can be used for online banking, POS consumption or ATM transfer, consumption and withdrawal, and cannot be overdrawn. Before spending, you must deposit and use as much as you can.