What does debit card mean?

A debit card is a payment card that allows the cardholder to access funds in their bank account to make purchases or withdraw cash. When a transaction is made using a debit card, the funds are immediately deducted from the cardholder's account, unlike a credit card where the cardholder borrows money from the card issuer to make the purchase and then must repay the amount at a later date. Debit cards are often linked to a checking or savings account and are widely used for everyday transactions such as grocery shopping, paying bills, and making online purchases. They are also commonly used at ATMs to withdraw cash. Debit cards can have various features such as the ability to earn rewards or cashback on purchases, as well as additional security measures such as PIN protection and fraud monitoring. They are a convenient and efficient way for individuals to access and manage their funds, offering a more direct and immediate way to spend money compared to other forms of payment.