what is the difference between Debit card and ATM card?
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Answers · 3
2
A debit card is used to buy things when you go shopping. An ATM (Automatic Teller Machine) card is used to withdraw cash from an ATM. Oftentimes, a debit card can also be used as an ATM card so that you can use it to go shopping and to withdraw cash from an ATM.
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Any card which can be used in an ATM can be referred to as an ATM card. An ATM card is simply one way in which you can access your bank account or accounts.
Some accounts may allow you to obtain credit - that is to borrow money. This type of ATM card is e credit card. Other accounts may only allow you to draw on your existing funds - this is a debit card.
Both sorts of cards can be used to buy goods and services at shops which have "mini" ATMs or point of sale terminals into which the card is inserted or, these days, "swiped or waved against the terminal which reads the data chip in the card and deducts the cost from your account. You can also obtain cash at many point of sale terminals instead of going to an ATM..
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Is it possible to use ATM card in POS terminals ? or it can be used ONLY in ATM?
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