BANKING AFFAIRS

Detailed explanation-1: -When you use a debit card, you give your bank permission to immediately remove money from your bank account. You can replace a lost unused gift card by requesting a replacement card from the same business. Credit unions and banks provide the same types of financial services.

Detailed explanation-2: -Debit cards take money out of your checking account immediately. Debit cards let you get cash quickly. You can use your debit card at an automated teller machine, or ATM, to get money from your checking account. You also can get cash back when you use a debit card to buy something at a store.

Detailed explanation-3: -Debit cards differ from credit cards in that the money attached to the debit card comes directly out of a checking account rather than being borrowed and paid later. A key feature of debit cards is that they allow you to make withdrawals easily at ATMs by entering a pre-set PIN¥.

Detailed explanation-4: -To easily withdraw from or deposit cash to your checking account, you can use your debit card at an ATM. The first thing you need to do is insert your debit card into the ATM. Next, for security purposes, you will be prompted to enter the PIN number you chose for the card.