| SAMPLE CARD |  |
|---|
| BRIEF DESCRIPTION |
- Debit cards are the most straightforward of the three.
- Using a debit card to pay for a transaction simply deducts the
money directly from your bank account after your purchase.
- Funds in a bank account usually earns interest if a certain
balance is maintained.
|
|---|
| CARD LIMIT | Depends on the amount you have in your bank account |
|---|
| PAYMENT | Pulls the cash instantly from your bank account |
|---|
| FEES AND PENALTIES |
- No interest fees but might have overdraft fees
- Sometimes a dormancy fee is charged for accounts with no
customer-initiated transactions for a certain period of time.
- No ATM withdrawal fees if cash is withdrawn from own bank's
ATMs.
|
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| WITHDRAWALS VIA ATM | Can withdraw from savings/checking account |
|---|
| MAINTAINING BALANCE | Requires maintaining balance |
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