debit card

debit card
A card that resembles a credit card but which debits a transaction account ( checking account) with the transfers occurring contemporaneously with the customer's purchases. A debit card may be machine readable, allowing for the activation of an automated teller machine or other automated payments equipment. Bloomberg Financial Dictionary

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debit card debit card card

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   A means of payment for consumer goods and services which allows retailers to draw funds directly from a consumer's bank account. Unlike a credit card it does not offer the possibility of purchasing using borrowed money.
   ► See also Credit Card.

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debit card UK US noun [C]
COMMERCE a small plastic card that you can use to get cash from cash machines, or to pay for goods and services. When you use the card, the money is taken directly from your bank account: »

Make online payments using your MasterCard or Visa debit card.

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Debit card payments will incur a small handling fee.

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Can I pay by debit card?

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All debit card transactions will be in pounds sterling.

Compare BANK CARD(Cf. ↑bank card), CHECK CARD(Cf. ↑check card), CHEQUE CARD(Cf. ↑cheque card), CREDIT CARD(Cf. ↑credit card)
See Note BANK CARD(Cf. ↑bank card)

Financial and business terms. 2012.

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Look at other dictionaries:

  • debit card — A card issued by a bank that combines the functions of an ATM card and a check. A debit card can be used to withdraw cash at a bank, like an ATM card. It can also be used like a check at stores, to pay for goods and services. A debit card is… …   Law dictionary

  • Debit card — Deb it card , n. [See {debit}.] a small usually plastic card with a magnetic coded number, similar to a credit card, which is used to pay for purchases by the electronic deduction of a sum of money (a debit) directly from the card holder s bank… …   The Collaborative International Dictionary of English

  • debit card — n a plastic card with your signature on that you can use to pay for things. The money is taken directly from your bank account →↑cash card, ↑cheque card, ↑credit card …   Dictionary of contemporary English

  • debit card — debit cards N COUNT A debit card is a bank card that you can use to pay for things. When you use it the money is taken out of your bank account immediately …   English dictionary

  • debit card — ► NOUN ▪ a card allowing the holder to debit a bank account electronically when making a purchase …   English terms dictionary

  • debit card — debit ,card noun count a plastic card given by a bank that you use for paying for things. It moves money automatically from your bank account to the account of the person you are paying. ─ compare CREDIT CARD …   Usage of the words and phrases in modern English

  • debit card — n. a kind of bank card that allows the cost of purchases to be automatically debited, or deducted, from the cardholder s bank account …   English World dictionary

  • Debit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …   Wikipedia

  • debit card — UK / US noun [countable] Word forms debit card : singular debit card plural debit cards a plastic card given by a bank that you use for paying for things. It moves money automatically from your bank account to the account of the person you are… …   English dictionary

  • debit card — noun a card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder s bank account • Hypernyms: ↑open end credit, ↑revolving credit, ↑charge account credit, ↑positive… …   Useful english dictionary

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