Review:
Debit Card
overall review score: 4.5
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score is between 0 and 5
A debit card is a payment card that deducts money directly from a consumer's checking account to pay for a purchase.
Key Features
- Directly linked to consumer's bank account
- Allows for electronic transactions
- Accepted at most retailers and online merchants
- PIN-based security for transactions
Pros
- Convenient and easy way to make purchases without carrying cash
- Provides a record of transactions for tracking spending
- Accepted worldwide for most purchases
- Secure with PIN protection and fraud monitoring
Cons
- Potential for overdraft fees if account balance is insufficient
- Limited protection against unauthorized transactions compared to credit cards