What is a Debit Card?
A debit card is a payment instrument in the form of a card used for spending money from bank account. A debit card is issued by a bank to its customer to withdraw money through ATM (Automated Teller Machine) and spend at merchant locations where cards are accepted. Debit cards work only when sufficient fund is there in the related bank account.
Also Read
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- Know What is an Online Transfer?
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- See What are the min online service providers in the UAE?
Must Know !!