Things to do with debit cards

Debit cards are used to pay for things. An online report by http://www.consumer.gov gives some facts about debit cards.
When you open an account at a bank or credit union, you usually get a debit card.
A debit card lets you spend money from your account without writing a cheque.
You can use your debit card to buy things in a store; you can use it at an ATM to get cash.
When you pay with a debit card, the money comes out of your account immediately. There is no bill to pay later.
Your bank or credit union gives you a ‘statement’ every month.
Your statement can help you track your spending and create a budget.
When you use a debit card, you are using money in your account to buy things.
You can get a debit card from the bank when you open an account; you don’t pay extra money in interest when you pay with the card.
You do not build a credit history using a debit card.
It will work online. But it is not a good way to pay when you shop online.
Someone might steal your debit card number online. The thief can take all your money out of your bank account. You might not have enough money in the account. That means your debit card will be ‘declined’. You will not be able to buy things.
Some banks and credit unions might let you sign up for ‘overdraft protection.’  That means you can use your debit card even when you do not have enough money to pay for the things you are buying. But you may have to pay a fee to the bank. Some banks may charge this fee for every purchase until you put enough money in your account to pay for the things you are buying.

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