debit card

Definition

A card which allows customers to access their funds immediately, electronically. Unlike a credit card, a debit card does not have any float. With a debit card, you can immediately take money out of your checking account either through purchases at a store or through an ATM. 

Use debit card in a sentence

Unlike their parents' generation, today's youth have opted almost exclusively for debit card transactions in lieu of cash for day to day purchases.

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I took my debit card with me to the restaurant because tonight I would be the one paying for dinner.

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If you want to be able to use your money in the bank at stores, you are going to have to use your debit card, which will also be needed to withdraw money from an ATM.

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interchange rate electronic benefit transfer (EBT)