DEBIT CARD Definition & Meaning

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debit card

noun

a plastic card that resembles a credit card but functions like a check and through which payments for purchases or services are made electronically to the bank accounts of participating retailing establishments directly from those of card holders.

debit card

noun

an embossed plastic card issued by a bank or building society to enable its customers to pay for goods or services by inserting it into a computer-controlled device at the place of sale, which is connected through the telephone network to the bank or building society. It may also function as a cash card, a cheque card, or both

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�y��vlog History and Origins

Origin of debit card¹

First recorded in 1975–80

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Example Sentences

Examples have not been reviewed.

At the till, Sarah's debit card was declined by her bank.

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He points out that credit cards are more expensive for merchants, be they retailers, or bars and restaurants to accept than debit cards as they incur a higher processing fee.

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The wealthiest clients at Bank of America are using credit and debit cards more, with a focus on luxury goods, according to the bank.

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The men are accused of creating cloned cards, which are debit cards, gift cards or other devices with magnetic strips that have been encoded with information from legitimate EBT cards.

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It says it processes over 40% of the UK's credit and debit card transactions.

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