A Debit Card is utilized in the similar way as a credit card, but only if there are existing funds in the bank account. Debit cards have often been perceived to be a substitution for cheques.
Debit cards access money in your savings account so they provide most of the flexibility and handiness of a credit card and also put you to be in command as you can’t dig up into debts by exercising them.
When making use of this card you have to confirm your identity by signing an acknowledgment at the time of sale or by entering your PIN.
The debit cards exploit your own funds, as you can simply purchase things that cost less than your existing bank balance.
Australian debit cards are issued by MasterCard...