Definition of Debit card:
Bank card used in cash transactions, but which is not a credit card. In a debit card transaction, the amount of a purchase is withdrawn from the available balance in the cardholders account. If the available funds are insufficient, the transaction is not completed. Also called asset card (in the US), or payment card (in the UK).
A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
Synonyms of Debit card
Credit card, Debit card, Cash card, Swipe card
How to use Debit card in a sentence?
- A debit card can be accepted at our brick and mortar store and as a matter of fact it is preferred as using a credit card costs us more money per month.
- In order to utilize the company debit card , you need to fill out form 3B and list the reasons for use, in addition to submitting receipts for Finance to verify purchases.
- Some people track every penny they spend, whether by cash, cheque, credit or debit card, Direct Debit or standing order.
- When using a debit card for purchases or cash withdrawals, its critical that the account holder keep good records to avoid overdrawing the account.
Meaning of Debit card & Debit card Definition