Debit Card Knowledge

PIN usage with debit cards

• Debit card purchases can only be made with a PIN.

• Debit card purchases can be made with or without a PIN.

• Debit cards do not require a PIN for any transactions.

• A PIN is required for online debit card purchases.

Using a debit card at ATMs

• Debit cards can be used at ATMs to withdraw cash.

• Debit cards can only be used for online purchases.

• Debit cards cannot be used at ATMs.

• Debit cards are only for international transactions.

Debit card fraud occurs when a criminal gains access to your debit card number.

• Fraudsters use your debit card information for unauthorized purchases or withdrawals.

• Debit card fraud is only possible if you lose your card.

• Debit card fraud can only happen online.

• Debit card fraud is a rare occurrence.

Gas stations can be a common place for card skimming.

• Be cautious of card skimming at gas stations.

• Always use cash instead of cards at gas stations.

• Gas stations are the safest places to use your card.

• Card skimming is only a problem at ATMs.

Spending control with debit cards

• Discourages excess spending as you can only use available money in your account.

• Allows unlimited spending regardless of account balance.

• Encourages borrowing money from the bank.

• Provides rewards for spending more than your balance.

Convenience of debit cards

• More convenient than cash

• Less convenient than cash

• Equally convenient as cash

• More secure than cash

Daily purchase limits

• Debit cards usually have daily purchase limits, restricting large purchases.

• Debit cards have no purchase limits at all.

• Debit cards can only be used for online purchases.

• Debit cards are only valid for a single transaction per day.

Interest rates on debit cards

• Debit cards charge high interest rates.

• Debit cards charge low interest rates.

• Debit cards don’t charge interest rates.

• Debit cards charge interest rates similar to credit cards.

Image of a debit card with a bank logo

• Visual representation of a debit card

• A type of credit card

• An image of a bank statement

• A picture of cash

You can only spend money that you have, cannot buy now and pay later.

• Debit cards require you to have funds available for purchases.

• Credit cards allow you to spend money you don't have.

• Debit cards can be used for online purchases without funds.

• Credit cards require immediate payment for purchases.