DEBIT CARD
A debit card (also known as a bank card, plastic card or check card) is a plastic payment card that can be used instead of cash when making purchases.
The use of debit cardnhas become widespread in many countries and has overtaken use of cheques, and in some instances cash transactions, by volume. Like credit card, debit card are used widely for telephone and internet purchases.
Some cards may carry a stored value with which a payment is made, while most relay a message to the cardholder's bank to withdraw funds from a payer's designated bank account. In some cases, the primary account number is assigned exclusively for use on the Internet and there is no physical card.
The use of debit cardnhas become widespread in many countries and has overtaken use of cheques, and in some instances cash transactions, by volume. Like credit card, debit card are used widely for telephone and internet purchases.
Some cards may carry a stored value with which a payment is made, while most relay a message to the cardholder's bank to withdraw funds from a payer's designated bank account. In some cases, the primary account number is assigned exclusively for use on the Internet and there is no physical card.
Debit cards usually also allow for instant withdrawal of cash, acting as an ATM card for withdrawing cash. Merchants may also offer cashback facilities to customers, where a customer can withdraw cash along with their purchase.
Debit card looks just like a regular ATM card, and you can use it at ATMs.
The difference is that a debit card has a "Visa or Mastercard" logo on its face. That means you can use a debit card wherever "Visa or Mastercard" debit card are accepted, for example, department stores, restaurants, or online.
The difference is that a debit card has a "Visa or Mastercard" logo on its face. That means you can use a debit card wherever "Visa or Mastercard" debit card are accepted, for example, department stores, restaurants, or online.
How to look Front & Back on Typical Debit Card
Fornt
1. Bank logo
2. EMV chip (optional and may depend on the issuing institution or bank)
3. Hologram (in some cards it's located at the back especially in most MasterCard)
4. Card number (may vary in length but mostly 16-digits with unique last 4 digits. However in cases such as Discover, Diner's Club, UnionPay & American Express it has a unique 15-digit card number)
5. Card brand logo
6. Expiration date
7. Cardholder's name
Back
1. Magnetic stripe
2. Signature strip panel
3. Card Security Code
4. Toll Free Number
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