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A debt card withdrawals money directly from your checking account.
A check card and debit card are the same thing. Basically, if you already have a checking account, you would use a debit/check card the same way you would if you wrote a check. You make sure that you have the money in your checking account, scan the card at the retailer, and they will deduct that money from your checking account. A credit card is a loan. You don't necessarily need a checking account to have a credit card. When you swipe the credit card, the credit card company is paying for your purchase out of their money. In turn, they will send you a statement or invoice at the end of each month detailing how much you spent and how much you must pay. The major difference is that a credit card can lead to debt if you aren't disciplined. If you only use a check/debit card, you will never go into debt. When you run out of money in your checking account, new transactions will be declined.
When you transfer money from your checking account to your credit card, you make a credit card payment. If you do not have a balance owed on your credit card, then you will have credit or a positive balance on your card.
One advantage of using a checking account is that you can pay only with money you actually have in your account, which can help you avoid overspending and getting into credit card debt.
It depends. If:you have a monthly credit card bill repayment agreement with the bank wherein the bank automatically deducts your monthly payments from your checking account oryou have defaulted on your card payments for more than 2 or 3 months and haven't contacted the bank reg. the sameThen, the bank can withdraw money from your account (if there is any cash available) towards your card repayment. Otherwise the bank cannot deduct any money from your account without intimating you.
It depends. If:you have a monthly loan repayment agreement with the creditor wherein the creditor automatically deducts your monthly payments from your savings account oryou have defaulted on your loan payments for more than 2 or 3 months and haven't contacted the creditor reg. the sameThen, the creditor can withdraw money from your account (if there is any cash available) towards your loan repayment. Otherwise the creditor cannot deduct any money from your account without intimating you.
You can go and visit the bank to get the money. You can also use your debit card and withdraw the money.
If you are speaking of using your debit card as a credit card without any money in your checking account the answer is yes until the overdraft reform laws go into effect 7/2010.
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account
checking from bank fund & credit card prepaid by credit
You deposit the money into your checking account. A debit card is just a tool to spend the money that is in your checking account. Many people confuse debit card with credit cards. The difference is that a credit card is a type of loan, in which the bank is loaning you money to buy things with when you swipe the card and you have to pay it back over time. When you swipe your debit card, the purchase is paid for with money in your checking account immediately. Wells Fargo also sells Visa prepaid debit cards, which is a card you can buy with a preset amount, ie $300. When you spend all $300 on the card, you can't use it anymore and have to throw it away. They are not reloadable.
A credit card account comes with a credit card, which can be used to authorize purchases of any value. The checking account does not come with a credit card and is used for issuing checks.