Debit cards pay for purchases using money from your bank account. Here we'll explain everything you need to know about how these cards work.
What's the difference between a credit card and a debit card?
While it looks like a credit card and may bear a major credit card company logo such as Visa or Mastercard, a debit card actually works like a check. When you use a debit card to pay for items in person or online, you're spending money directly from your checking account.
What is the difference between a debit card and a checking account?
Checking account: A checking account is a bank account that's used for everyday needs, such as receiving income and making purchases. A debit card is typically linked to a checking account. Savings account: A savings account is for money you plan to save rather than money you plan to access regularly.
