Money, Banking, and Investment

The Columbia Encyclopedia, 6th ed. The Oxford Pocket Dictionary of Current English Further reading

debit card

The Columbia Encyclopedia, 6th ed. | 2008 | Copyright

debit card card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. Increasingly common in the 1990s as an alternative to credit cards , debit cards have been promoted as safer than cash and more convenient than personal checks. By 1998 more than 73 million debit cards had been issued, with a sales volume of $134.7 million attributed to their use. They are typically issued by large credit-card companies through their participating banks. Debit cards offer the holder more limited legal protections than credit cards. Similar cards have also been used to distribute welfare benefits to recipients in some locales.

Cite this article
Pick a style below, and copy the text for your bibliography.

MLA
Chicago
APA

"debit card." The Columbia Encyclopedia, 6th ed.. 2008. Encyclopedia.com. 14 Feb. 2012 <http://www.encyclopedia.com>.

"debit card." The Columbia Encyclopedia, 6th ed.. 2008. Encyclopedia.com. (February 14, 2012). http://www.encyclopedia.com/doc/1E1-debitcard.html

"debit card." The Columbia Encyclopedia, 6th ed.. 2008. Retrieved February 14, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1E1-debitcard.html

Learn more about citation styles

debit card

The Oxford Pocket Dictionary of Current English | 2009 | Copyright

deb·it card • n. a card issued by a bank allowing the holder to transfer money electronically when making a purchase.

Cite this article
Pick a style below, and copy the text for your bibliography.

MLA
Chicago
APA

"debit card." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. 14 Feb. 2012 <http://www.encyclopedia.com>.

"debit card." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. (February 14, 2012). http://www.encyclopedia.com/doc/1O999-debitcard.html

"debit card." The Oxford Pocket Dictionary of Current English. 2009. Retrieved February 14, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O999-debitcard.html

Learn more about citation styles

Free newspaper and magazine articles

	Debit cards win starring role. Magazine article from: Bank Marketing; 3/1/1993
	Debit cards gaining popularity for benefit expenses; Future growth in market... Magazine article from: Business Insurance; 3/28/2005
	Reportlinker Adds Global Debit Cards Industry. News Wire article from: PR Newswire; 11/15/2010