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Banks are providing better products and services like internet banking, mobile banking, ATM card, debit and credit card.
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Debit card and ATM card are used to withdraw money by using a PIN
ATM Card
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ATM card is a payment card which is issued by the bank that provides service to the client to access it and withdraw money when needed.
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ATM card is a plastic card issued by the bank includes essential information about the bank account of the account holder.
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ATM card is generally used to withdraw money anytime along with it one can also deposit money into their bank accounts using ATM cards
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ATM card facilitates the general purposes of withdrawals, balance inquiry by statement facility and by depositing money through it.
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It is secure because when the transaction happens in an account, banks will send an alert message. So, one can crosscheck the transaction.
Debit Card
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A debit card is also known as "check card".
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Debit card facilitates the card owner to make transactions electronically and transfer the fund from the account while making a purchase.
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A debit card is a plastic card which is issued by the bank to pay for the purchase of goods and services at any time.
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The facility is used by those who have a bank account.
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A debit card is used to make online payment through electronic fund transfer at point of sale.
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A debit card is also used to check account balance, transfer funds to the account to another account.
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A debit card is linked to the cell phone so that the client will get a notification on time.
Similarities of ATM Card and Debit Card
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ATM card and debit card are made of plastic and both have the same appearance.
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Both are issued by the bank and provide the facility like balance inquiry, withdrawal of money or make payment online and much more.
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Banks charge fees for providing this kind of facility and it varies from bank to bank.
Difference Between ATM and Debit Card
Basis
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ATM card
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Debit card
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Meaning
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ATM card is a payment card which is issued by the bank that provides service to the client to access it and withdraw money when needed.
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A debit card is a plastic card which is issued by the bank to pay for the purchase of goods and services at any time.
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Use
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ATM card is less used as compared to the Debit card. ATM card is used for Balance statement, deposits, withdrawals, transfer of funds can be done.
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A debit card has more usage than the ATM card. It is used for balance statement, deposits and online payment for any purchases.
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Appearance
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ATM card is a plastic card which has no logo of any particular ATM network provider.
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A debit card is also a plastic card having features like the name of the bank, a name of payment processing networks like a visa card or a master card.
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Signature
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In the ATM card, there may or may not be a signature of the account holder.
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On the back of any debit card, there must be a signature of an account holder.
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Number on card
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In the ATM card, there is a bank account number which is in any number of digits.
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A debit card has a 16 digit account number which differs from the bank account number.
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Range
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ATM card used in the national boundary.
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A debit card can be used beyond the national boundary it means internationally at any time.
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