It is hassle free! Using a Debit Card as an ATM Card You should review your bank statements each month to confirm your debit card transactions and be aware of your account balance. When you use your debit card, you initiate transactions that go straight to your bank statement. The third step is to enjoy using your debit card. Spiral zone file cards code#in-store purchases, you will enter the three-digit security code printed on the back of the card instead of the pre-selected PIN. In some cases, you can choose to run the debit card as a credit transaction, and you can get by providing only a signature, no PIN.Īdditionally, if you are using your debit card to make online purchases vs. Only you, the cardholder, should have access to your PIN, thereby preventing others from using your card if it is lost or stolen. The PIN provides security for your debit card transactions. A PIN, or Personal Identification Number, is usually a four-digit, numerical code that is entered at the time of purchase when you use your debit card. The second step is to activate your debit card with your bank and select your PIN. Spiral zone file cards free#Once the checking account is open, you may request a debit card and the bank will issue your new debit card, most likely free of charge. a savings account as savings accounts do not allow for debit card usage. It is important that you choose to open a checking account vs. The first step in obtaining a debit card is to open a checking account. Now that you understand what a debit card is, let’s talk about how a debit card works. How do you use a debit card? Using a Debit Card as a Check Card You might be surprised to learn that a debit card essentially provides account holders with a simpler, alternative form of payment to handwriting a personal check.įUN FACT: According to, the first debit card was issued in 1978. It links to your bank account and allows you to draw money directly on your account every time you use it to make a purchase. What is a debit card?Ī debit card is a physical card that is issued to checking account holders to access funds in their account. Using a debit card for your everyday purchases is an excellent way to do this. One way to get a handle on your finances is to avoid accumulating more debt. With student loans and other debt piling up, reducing your debt can seem like a difficult and overwhelming undertaking. For customized tax advice, please reach out to Katherine Varraveto, CPA, or consult your own CPA. This article was written for educational purposes only and does not constitute financial, legal or tax advice. How do I claim Spiral’s debit card offer?.What is the difference between a debit card and a credit card?.
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