debit card

Checking account link

A debit card is a bank card that withdraws money directly from your checking account when you make a purchase, unlike a credit card, which creates a loan.

Most debit cards double as ATM cards for cash withdrawals: I'll pay with my debit card.

The term distinguishes these from credit cards, though both are often accepted at the same terminals.

banking

checking account

Bank deposit for transactions

PIN · ATM · withdrawal · deposit · bank statement · funds · transfer · direct deposit · issuer · account holder

transaction

purchase

Goods obtained for payment

  • swipeQuick sliding motion
  • chipSmall broken-off piece
  • tapValve controlling liquid flow

contactless · terminal · POS · point-of-sale · merchant · retailer · checkout · receipt · authorization · decline

technology

EMV chip

Encrypted payment processor

magnetic stripe · digital wallet · mobile payment · Apple Pay · Google Pay · tokenization · biometrics · two-factor authentication · RFID · smart chip

physical

plastic

Capable of being molded

wallet

Categories
Opposites
payment source

debit cardcredit card

Borrowed-funds payment tool

charge card · line of credit · buy now pay later · layaway · installment plan

payment modernity

debit cardcash

Ready spending funds

paper money · coins · banknotes · currency · check

Family

card, debt, indebted, debit, debtor, indebtedness, debtors, debited, debits

Familiarity
Top 20,000
Profile
Known to kids · Used worldwide · Timeless · Concrete · Everyday, not technical · Rated G