Using a debit card is also easier and faster than writing a check.
It's a good way to pay for purchases without having to pay interest, as you would if using a credit card with an outstanding balance.
In the worst-case scenario — if you receive a bank statement that includes an unauthorized debit-card withdrawal and you wait more than 60 days to alert your bank — you could be liable for any amounts from transactions made after that 60-day period.
The good news is that many banks don't hold a consumer responsible for unauthorized transactions if he or she notifies the institution in a timely fashion.
Or, there could be a charge if you use your debit card as an ATM card at a machine that is not operated by your financial institution.
As with other bank products, your financial institution must provide disclosures explaining the possible fees associated with a debit card.
A debit card looks like a credit card but works like an electronic check. Because the payment is deducted directly from a checking or savings account.
You may trigger a fee if you overdraw your account using your debit card, just as you would if you "bounced" a check.Or, suppose you don't realize you have only 0 in your bank account and you want to use your debit card to buy a 0 item.Depending on the terms of your account or the rules of the card network, the bank might approve the 0 purchase as a convenience, but it also might assess an overdraft fee for that transaction and subsequent ones until you make a sufficient deposit.Most debit cards also can be used to withdraw cash at ATMs (automated teller machines).For many people, it is more convenient to carry a small, plastic card instead of a bulky checkbook or a large amount of cash.