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A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. These are similar to a credit card, but unlike a credit card, the money for the purchase must be in the cardholder's bank account at the time of a purchase and is immediately transferred directly from that account to the merchant's account to pay for the purchase. Debit cards allow bank customers to spend money by drawing funds.
Debit Cards Can Be Used At Atms To Withdraw Cash Directly From Your Bank Account Or To Pay For Goods And Services Where Credit Cards Are.
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(Vendor Specific) Pur/Wdr A Purchase Transaction.
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