Debit Cards: Beyond Cash and Checks
- Topics:
- Commercial Banking
- Source:
- National Consumers Alliance
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Overview: This article is on debit cards. Debit cards are also known as check cards. Debit cards look like credit cards or ATM (automated teller machine) cards, but operate like cash or a personal check. Debit cards are different from credit cards. While a credit card is a way to "pay later," a debit card is a way to "pay now." When one uses his debit card, your money is quickly deducted from your checking or savings account. Debit cards are accepted at many locations, including grocery stores, retail stores, gasoline stations, and restaurants.
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