A debit card is a card for cashless payments and withdraw money from ATM, so for example a bank card or a savings card. The difference with a credit card is that the money will be withdrawn, or with which one has paid deducted immediately or within days from the account. The word “Debit” means the debt and refers to the fact that the account will be debited within a very short time with the money used maintained.
A Bank card is usually issued by most banks to open a bank account, which usually is free. Nevertheless, you should be well informed before opening an account with an associated debit card over the terms of the different providers, such as through an online comparison carried out. Many pages are specialized to compare the rates of different providers with each other, here you can provide some general information to very quickly get an overview of the institution at which you have a good checking account with a debit card.
Debit card are usually made of plastic, because they are both flexible and also very stable (usually PVC is used). The format is based on the ISO standard 7810.Der definition from the Criminal Code Section 152a, paragraph 1, point 1 and point 4 following is a debit card in Germany legally speaking, a payment card. The EC standard is a German standard, with this system, almost all debit cards issued in this country safe.
Particularly important is also the Maestro system, which is recognized internationally and allows stand outside of Germany to pay in cash or money transactions with a debit card. Most of the existing one in Germany to use debit cards in addition to the aforementioned EC system is also the Maestro system. This system is operated by the company MasterCard, which runs parallel to one another also, own debit card system. Also known by the other issuers of credit cards in Germany, namely, VISA, there is a corresponding system for debit cards.
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Tags: ATM, cash, cashless payments, Debit Card, money, Payments, withdraw, withdraw money