Debit cards<span> allow bank customers to spend money by drawing on funds that they deposited with the </span>card<span> provider. </span>Credit cards<span> allow consumers to borrow money from the </span>card issuer up to a certain limit in order to purchase items or withdraw cash.<span>The </span>difference<span> is that a </span>debit card<span> has a Visa® or Mastercard® logo on its face. ... When you use a </span>debit card<span>, the money is deducted from your checking account. With a credit </span>card<span>, you're borrowing money to be repaid later. </span>ATM<span> and </span>debit cards<span>allow you to use </span>ATMs, a safe and convenient way to manage your money.<span>A bank account </span>debit card<span> is linked to your checking account. A </span>prepaid card<span> is not linked to a checking account. Instead, you are spending money you loaded onto the </span>prepaid card in<span> advance. </span>In<span> most cases, you can't spend more money than you have already loaded onto your </span>prepaid card.<span>Unlike credit and charge </span>cards<span>, </span>payments<span> using a </span>debit card<span> are immediately transferred from the cardholder's designated bank account, instead of them paying the money back at a later date. </span>Debit cards<span> usually also allow for instant withdrawal of cash, acting as an </span>ATM card<span> for withdrawing cash.
