A debit card is a payment card that allows you to access funds from your bank account to make purchases or withdraw cash. When you use a debit card to make a purchase, the funds are deducted directly from your checking account. Unlike a credit card, which allows you to borrow money from a lender and pay it back with interest, a debit card only allows you to spend money that you have in your account.
Debit cards can be used at ATMs, point-of-sale (POS) terminals at merchants, and for online or phone transactions. They are typically issued by banks or other financial institutions and may have a Visa, Mastercard, or other major card network logo, which enables them to be accepted at a wide variety of merchants. Debit cards can be a convenient and secure way to make purchases and access cash without carrying large amounts of cash or writing checks.