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Review:

Debit Card

overall review score: 4.5
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

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Last updated: Mon, Dec 9, 2024, 03:56:16 PM UTC