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Added June 23, 2010 from: Mike Killian
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Answered By Mike Killian:
Debit cards (or bank cards or check cards) are relatively standard from bank to bank. In essence they are used in place of a paper check. Unlike a paper check, they are processed through the bank almost immediately and therefore funds must be readily available. A true debit card will have a Visa or MasterCard logo on it and can be used for payment wherever these logos are displayed. Usually less identity is required when using a debit card over a check, which can be another advantage. Of course, there are no interest rates or fees as with a credit card, because there is no balance carried on the card.

On the other hand, there can be less security with the use of a debit card than with that of a credit card, as it is much easier to probe a person's PIN than a signature on a credit card. Similarly, liability is often times far less with a credit card than a debit card.

Most banks do not charge fees to use debit cards anymore.  However, you should still read the fine print to confirm that there are no monthly, annual, or point of sale fees associated with the card.  And, if there is, you should keep shopping.

If you are looking for a debit card that is not linked to a bank account, then check out our prepaid card listing.  You will want to compare the fees for each and choose the one that has the least fees based on how you plan to use the card.

1 Responses to "Which bank offers the best debit card?"
  1. Tony April 20, 2012 at 6:44 am

    Seems like you didn't answer the question at all. While its true the function of debit card across banks is the same i.e. in place of checks. There are huge differences between banks i.e. cash bank rewards vs. keep the change vs. points system vs. transaction fees.


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