Debit and ATM cards are both plastic cards that allow you to access your funds at an automated teller machine (ATM). But there are a few key differences between the two. Here’s what you need to know.
What is Debit Card?
Debit cards are plastic cards that are linked directly to your bank account. This means that once you have been approved for the card and added it to your approved financial institutions, the card is linked to your bank account and can be used as a normal debit card. Debit cards are different from credit cards in that they do not allow you to borrow money from a lender, but instead allow you to spend money that you already have in your account.
Debit cards are becoming more and more popular as people look for ways to manage their finances without taking on debt. Debit cards can be used anywhere that accepts credit cards, which makes them very convenient. If you are looking for a way to make purchases without taking on debt, a debit card may be the right choice for you.
What is ATM Card?
ATM cards are plastic cards that give cardholders access to their bank account funds through an ATM machine. ATM cards can also be used to make purchases at retail stores that have ATM machines. ATM cards are different from credit cards and debit cards, which are both used to make purchases on credit. ATM cards are only used to access funds from a bank account. Most ATM cards are MasterCard or Visa branded, which means they can be used at any ATM machine that accepts those card brands. ATM cards typically have a four-digit PIN number that is required for the cardholder to access their account funds.
Difference between Debit and ATM Card
Debit and ATM cards are both plastic cards that are used to access bank accounts. Debit cards allow customers to spend money by drawing on funds they have already deposited in the bank. ATM cards allow customers to withdraw cash and make deposits at automated teller machines. Debit cards can also be used to make purchases at point-of-sale terminals. ATM cards are only accepted at ATM machines. Debit cards are issued by banks, while ATM cards are issued by credit card companies.
Conclusion
ATM cards and debit cards are both plastic cards that allow you to withdraw cash from a bank machine. The main difference between the two is that debit cards are linked directly with your checking account, whereas ATM cards can be used at any bank machine, even if it’s not your own bank. So which one should you choose? It depends on what you’re using it for. If you want to have easy access to your cash and don’t mind paying a little bit extra for each transaction, then go with an ATM card.
