The useful idea
- The useful idea
A debit card, also known as a check card, cheque card or bank card, is a payment card that can be used in place of cash to make purchases.
- How it works
The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either the front or the back.
- Why it matters
Many new cards now have a chip on them, which allows people to use their card by touch (contactless), or by inserting the card and keying in a PIN as with swiping the magnetic stripe.
Why this matters
Use Debit card to compare the trade-offs before committing money.
Try this
Use Debit card to compare the trade-offs before committing money.
Test your recall
Which idea belongs to the explanation of Debit card?
- The useful idea — correct
- How it works
- Why it matters
A debit card, also known as a check card, cheque card or bank card, is a payment card that can be used in place of cash to make purchases.
General education only — not personal financial advice.