Difference between ATM Card and Debit Card
- Banks are providing better products and services like internet banking, mobile banking, ATM card, debit and credit card.
- Debit card and ATM card are used to withdraw money by using a PIN
ATM Card
- ATM card is a payment card which is issued by the bank that provides service to the client to access it and withdraw money when needed.
- ATM card is a plastic card issued by the bank includes essential information about the bank account of the account holder.
- ATM card is generally used to withdraw money anytime along with it one can also deposit money into their bank accounts using ATM cards
- ATM card facilitates the general purposes of withdrawals, balance inquiry by statement facility and by depositing money through it.
- It is secure because when the transaction happens in an account, banks will send an alert message. So, one can crosscheck the transaction.
Debit Card
- A debit card is also known as "check card".
- Debit card facilitates the card owner to make transactions electronically and transfer the fund from the account while making a purchase.
- A debit card is a plastic card which is issued by the bank to pay for the purchase of goods and services at any time.
- The facility is used by those who have a bank account.
- A debit card is used to make online payment through electronic fund transfer at point of sale.
- A debit card is also used to check account balance, transfer funds to the account to another account.
- A debit card is linked to the cell phone so that the client will get a notification on time.
Similarities of ATM Card and Debit Card
- ATM card and debit card are made of plastic and both have the same appearance.
- Both are issued by the bank and provide the facility like balance inquiry, withdrawal of money or make payment online and much more.
- Banks charge fees for providing this kind of facility and it varies from bank to bank.
Difference Between ATM and Debit Card
Basis | ATM card | Debit card |
---|---|---|
Meaning | ATM card is a payment card which is issued by the bank that provides service to the client to access it and withdraw money when needed. | A debit card is a plastic card which is issued by the bank to pay for the purchase of goods and services at any time. |
Use | ATM card is less used as compared to the Debit card. ATM card is used for Balance statement, deposits, withdrawals, transfer of funds can be done. | A debit card has more usage than the ATM card. It is used for balance statement, deposits and online payment for any purchases. |
Appearance | ATM card is a plastic card which has no logo of any particular ATM network provider. | A debit card is also a plastic card having features like the name of the bank, a name of payment processing networks like a visa card or a master card. |
Signature | In the ATM card, there may or may not be a signature of the account holder. | On the back of any debit card, there must be a signature of an account holder. |
Number on card | In the ATM card, there is a bank account number which is in any number of digits. | A debit card has a 16 digit account number which differs from the bank account number. |
Range | ATM card used in the national boundary. | A debit card can be used beyond the national boundary it means internationally at any time. |
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