How is a debit card like a check?

Debit cards are like a check because with both of them, you have the ability to pay rapidly and easily. With both checks and debit cards, the money already exists and is in a bank account, unlike with credit cards.You are also able to avoid carrying cash, by just carrying around the debit card or check. Both forms of payment are also pretty widely accepted, and are able to be used at most places.

francocanacari francocanacari · Answer 2 · 2021-10-12T13:03:50+02:00

A debit card is a plastic payment card issued by a financial institution (usually a bank) to a beneficiary in which it maintains a bank deposit account, mainly to withdraw money from ATMs and provide the cardholder with electronic access to the bank account he or she has.

This type of card is similar to checks in that it allows making payments to third parties using the money that is deposited in the payer's savings account, that is, it does not take on debt from the bank but is financed with the payer's funds.

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