What is debit card: This debit card of SBI comes

This debit card of SBI comes with both Visa and Mastercard gateway network. Debit cards have revolutionised the way we manage our finances, providing convenience, security, and a host of benefits. With a plethora of options available, choosing the right debit card can enhance your financial transactions and offer additional perks. A debit card, also known as a check card, cheque card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either the front or the back. Takeaways Debit cards are payment cards that pull money from your checking account. Debit card purchases require a personal identification number (PIN) to access funds. Debit cards can be used to access funds at ATMs and your bank’s branch location. Debit cards can come with transaction fees, foreign exchange fees, and overdraft fees. Compared to credit cards, debit cards have limited rewards and liability protection programs. What is Debit card and How does it Works? A debit card is a payment card linked directly to your bank account, allowing you to spend money by drawing from the funds you already have. It can be used for purchase at stores, online shopping, and cash withdrawals at ATMs.