Debit cards, also known as "debit cards", are mainly used for store consumption, and the credit card amount must be less than the account amount. This method will not overshoot or use cyclic interest. Debit cards can be used to deposit and withdraw money on ATM machines, and at the same time, fast transfer business can be realized on ATM machines. The amount usually bears interest in the form of demand deposits. In fact, debit cards are no different from savings cards. Whether it's a debit card or a savings card, you can't owe money. Savings card is a kind of debit card. Savings cards are only used for deposits, while debit cards can not only deposit money, but also finance investment, transfer and settlement.
Appearance difference between debit card and savings card: The biggest difference between the two cards is the number of the card. The card number of the savings card is only 16 digits, while the card number of the debit card is 19 digits, which is the biggest difference in appearance.
The functional difference between debit card and savings card: Most banks now issue debit cards, and only a few banks are still issuing savings cards. The principle of debit card is to save money before spending. Debit cards cannot be overdrawn, and their functions are transfer, cash deposit and withdrawal, online shopping and credit card consumption. In addition, debit cards can also support financial services such as wealth management, stock trading, futures and funds; The function of savings card is relatively narrow. The savings card can only deposit and withdraw money, transfer money, remit money, pay water, electricity, gas and so on. But the biggest disadvantage of savings card is that it doesn't support financial services.