Monday, August 1, 2011

Advantages

Debit card is also called electronic check because it is linked with checking account and it can be used anytime, anywhere just like credit card. The only difference is that money is deducted from your checking account. There are some advantages of using debit card.
(1) It works like an electronic check and hence you don’t need to carry cash or paper checks with you while traveling
(2) Debit cards are widely accepted because the transaction through a debit card is instant
(3) Debit card works throughout the world. A paper check may not be accepted in other state or country but debit card is widely accepted
(4) They allow you to stay within your budget since you can only spend what is on the account ie your real money.

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