8/8/2009
What is the difference between an ATM card
and a Debit card?
Discussion
Advantages are that you can get money from
the bank any time you want it.
Disadvantages are that you can get money
from the bank any time you want it.
An automated teller machine card lets a cardholder deposit or
withdraw cash, check balances and transfer money between
accounts at a machine, whether at the bank or at a machine in
another location. A personal identification number, or PIN, must
be used with the ATM card.
Debit cards or check cards came along in the mid-1990s. They are
issued by a bank and carry a Discover, Visa or MasterCard logo.
They can be used anywhere those cards are accepted. Most debit
cards double as ATM cards as well as point-of-sale cards.
Cardholders can use a PIN or sign for purchases, and when used
for purchases such as groceries, they can get cash back.
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