debit card

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debit card,

card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machinesautomated teller machine
(ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip.
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 for withdrawing cash from the user's checking account. Increasingly common in the 1990s as an alternative to credit cardscredit card,
device used to obtain consumer credit at the time of purchasing an article or service. Credit cards may be issued by a business, such as a department store or an oil company, to make it easier for consumers to buy their products.
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, debit cards have been promoted as safer than cash and more convenient than personal checks. By 1998 more than 73 million debit cards had been issued, with a sales volume of $134.7 million attributed to their use. They are typically issued by large credit-card companies through their participating banks. Debit cards offer the holder more limited legal protections than credit cards. Similar cards have also been used to distribute welfare benefits to recipients in some locales.
References in periodicals archive ?
Customers can combine rewards points accumulated on any enrolled M&T Check Card and M&T credit cards toward cash, gift cards, merchandise, travel and more.
Race fans can even sign up for a Monster Mile Check Card at the M&T Bank booth during the race weekend and receive the limited edition die cast stock car
Customers receive one free personalized check card with every consumer Build-to-Order Free Checking account and three free personalized check cards with Business Build-to-Order Free Checking(SM) accounts.
The SunTrust SkyMiles Check Cards meet a growing demand among Delta and SunTrust clients for a check card that earns airline miles.
All Comerica Check Card holders not already enrolled in Comerica Bank's debit rewards programs are automatically enrolled in the free EZ Perks - Standard program.
March 31 /PRNewswire/ -- Banking for business owners has never been better, thanks to three new industry-leading Compass Bank business banking programs: Compass BusinessClass(sm) Preferred, Compass BusinessClass(sm) Preferred Plus and the Business Personalized Visa(R) Check Card.
Signature transactions: Most banks have discontinued fees for both PIN based and signature based check card transactions.
They get all of this along with the traditional features of the check card with the Contactless BB&T Check Card," said BB&T Deposit Access Products Manager Scott Qualls.
The card, which depicts a float plane resting on a lake nestled among the mountains, gives loyal Cabela's catalog subscribers a new way to show their pride in the great outdoors, while also rewarding them for making signature purchases with the Cabela's Check Card on everyday purchases.
Customers who open a new checking account with a Visa Check Card and either direct deposit, overdraft protection, or Comerica Web Bill Pay(R) will receive $50 and customers who have an existing checking account with a Visa Check Card and add two of those additional services will receive $25.
4 /PRNewswire/ -- Comerica Bank today announced the introduction of the Comerica WorldPerks(R) Check Card and the Comerica WorldPerks Business Check Card -- a check card that lets individuals and businesses earn WorldPerks miles for their signature-based check card purchases.
When customers use their check card to pay, more than 50 percent of the retailer profits disappear.