The National Directory of Certified Public Accountants

Ask A CPA - Small Business Services

In Reference To Banking , What Is Debit Card ?

A Debit Card is an ATM bankcard used to purchase goods and services and to obtain cash. A debit card debits the cardholder's personal deposit account and requires a (PIN) Personal Identification Number for use. Debit cards branded with a bankcard logo can be accepted in Internet transactions without a PIN.

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