![]() There may be fees for using your debit card. What kinds of costs are associated with debit cards? You can even use your debit card to get cash when you make purchases at a store. It's a good way to pay for purchases without having to pay interest, as you would if using a credit card with an outstanding balance. Using a debit card is also easier and faster than writing a check. Why do people use debit cards?įor many people, it is more convenient to carry a small, plastic card instead of a bulky checkbook or a large amount of cash. Most debit cards also can be used to withdraw cash at ATMs (automated teller machines). If you use a debit card at a retail store, you or the cashier can run your card through a scanner that enables your financial institution to verify electronically that the funds are available and approve the transaction. Why? Because the payment is deducted directly from a checking or savings account. Answers to frequently asked questions about debit cards.Ī debit card looks like a credit card but works like an electronic check.
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