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It's been my experience that the majority of banks work very hard to make depositers accounts as secure as possible. I feel safer using my debit card than I would using a traditional credit card.
I disagree with Nikki's answer that the security of a debit card has anything to with the banks good intentions toward its depositors. US law (I am _not_ a lawyer or an expert) provides protections for owners of credit cards that debit card owners do not enjoy.
There are some protections which would prevent your account from being cleaned out by a thief. But depending on the laws of your state and the voluntary policies of your bank, you could be out up to $500 or even the full amount stolen under some circumstances. The law limits your liability for a stolen credit card to $50.
Some banks do voluntarily provide protection terms more comparable to those of credit cards, so it pays to ask for details.
Even with protection a big difference between credit and debit card fraud is in what happens to you while the issue of the fraud is being resolved.
If you discover that your credit card has been maxed out, you can't use it to buy new things until the problem is cleared up, but you also don't have to pay the charges that the thief made while they are in dispute.
With a debit card, you may have to deal with having no money in your account as checks that you have written bounce, leaving you owing the people you wrote checks to and with no money to pay them until you prove fraud and get your money back.
Here is a link to a consumer organization article about debit cards that goes into more detail than I can here:
PIRG Consumer Protection pages: http://www.pirg.org/consumer/banks/debit/fact.htm
Here is a scary story of one person's problems with a debit card at the Privacy Rights Clearinghouse web site:
http://www.privacyrights.org/ar/DebitCd1002.htm
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∙ 8y ago
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Are visa and debit cards the same?
A debit card is a way to access the money in your bank account so your money is secure and safe in a bank. A credit card represents money that you do not have and is a way to buy things with something similar to a loan. The name "Visa" is printed on both debit and credit cards
Are credit and debit cards identified as credit or debit cards?
Based on the cards I have, if it is a debit card the word Debit appears on the front above the Visa, Mastercard or American Express logo. Credit cards typically only contain the logo.
Is secure for the payment by the debit visa or master card?
Credit cards are more secure as there is a longer window to stop a transaction (because no money has left your bank account) if there is any fraudulent activity on your card.
How long do debit cards take?
Debit cards will take up to about 2 weeks or so.
Should credit debit cards replace money?
Not always. There are times when it is easier to drop change into a meter than to put a debit card in a slot. Debit cards can have a fee. Debit cards can be subject to identity theft. Debit cards can be counterfeited. People who use debit cards often don't know how much they have in their account and can overspend their money and get into debt very fast. Debit cards have their place in place of money, but, there are some times when paying for items with cash and coin is the better way.
What are visa cards?
its a debit cards. its a debit cards. its a debit cards.
Is purchasing with a credit card more secure then purchasing with a debit card?
Purchasing with a Debit Card can be considered more secure. If you use the PIN function, it can be very secure. Most establishments dont ask for proper identification when buying with credit. Keep in mind that MOST debit cards also contain a credit function. Most credit cards and debit cards are protected by fraud from the financial institution that issues the card. In this day and age, the money can be re-deposited into your account.
What are consumer debit cards?
The consumer debit cards are Government debit cards,Banking USA debit crads and Lakeland Bank debit cards and Prepaid debit cards. Most of all banks has their own debit cards.
Are visa and debit cards the same?
A debit card is a way to access the money in your bank account so your money is secure and safe in a bank. A credit card represents money that you do not have and is a way to buy things with something similar to a loan. The name "Visa" is printed on both debit and credit cards
What is the difference between atm and debit card?
difference between debit cards and ATM cards Debit cards, there are points of sale or ATM cards, there are no points of sale
Is the live chat adult site livejasmin safe for payment through debit or credit card?
Yes it is safe to use credit or debit cards on the LiveJasmin site. LiveJasmin is a very secure website
Are credit and debit cards identified as credit or debit cards?
Based on the cards I have, if it is a debit card the word Debit appears on the front above the Visa, Mastercard or American Express logo. Credit cards typically only contain the logo.
Is secure for the payment by the debit visa or master card?
Credit cards are more secure as there is a longer window to stop a transaction (because no money has left your bank account) if there is any fraudulent activity on your card.
How long do debit cards take?
Debit cards will take up to about 2 weeks or so.
Should credit debit cards replace money?
Not always. There are times when it is easier to drop change into a meter than to put a debit card in a slot. Debit cards can have a fee. Debit cards can be subject to identity theft. Debit cards can be counterfeited. People who use debit cards often don't know how much they have in their account and can overspend their money and get into debt very fast. Debit cards have their place in place of money, but, there are some times when paying for items with cash and coin is the better way.
Can you enter your debit cards number into an ATM?
You would enter its PIN number into an ATM. Both regular bank cards and debit cards work in an ATM. Debit cards tend to work in nearly any ATM.
Is credit card and debit card considered as a cash?
No, credit cards are loans and debit cards are checks.
