3 min read

Have no idea what a debit card is, how it works and its advantages? High time you up your banking game!

The Dummies’ Guide to Debit Cards

A debit card ? What is that!

A debit card is a bank card that lets us make cash transactions.A payment card that deducts money directly from a consumer’s savings account to pay for a purchase. Debit cards eliminate the need to carry cash or physical checks to make purchases.

Money in your Debit card isn’t free money-

Debit cards are a way to pay for things. You get a debit card from your bank when you open an account. Sometimes a debit card is free to use. Sometimes you will pay a fee to use the card.

Credit cards are a dangerous play

Debit cards look like credit cards. But they do not work the same way. Credit cards use money that you borrow. Debit cards use money that is already in your savings/current account.

Having no balance can be embarrassing at odd moments

Having insufficient funds in your bank account would not let you make a purchase ,which can turn into an embarrassing moment sometimes.Making sure there are sufficient funds before shopping/any transaction is very important.Banks also send you a message regarding the balance after every transaction you make with the card.

Can you use a debit card in a movie theatre ?

Yes of course! You can use your debit card as a substitute for money anywhere and everywhere. Just make sure they have a debit card swiping machine though!

The 4 magic numbers

Your pin number is what lets you spend the money you have in your debit card. Remembering your PIN number may seem like a small thing but many times we tend to forget it ,which tends to make the moment embarrassing and awkward. A smarter thing to do would be to save the PIN number in our mobile phones or write it down in a confidential place.

Move with the tide

In the current scenario,the world is going digital.Using debit cards and credit cards are very common now.Everyone must adapt for the chip technology to prepare for a better life,a simpler life.

Double usage

Your debit card is the same as your ATM card! Take out your atm card and insert the card in the slot where it needs to be inserted ,then enter your PIN number discreetly. Hope you have started applying online for your debit card already. If not then go to Equitas small Finance bank and get your debit card right away! Don’t miss having fun just because you don’t have cash.


Please enter your comment!
Please enter your name here