25 November 2022

ATM card Vs Debit card | Difference | Comparison

ATM card is a payment card issued by a bank to consumers on their request that allows them to access automated teller machines and withdraw at any time. A debit card allows the cardholder to make an electronic transfer of funds from the account connected with the card while completing a transaction. Let us discuss the difference between ATM Card Vs Debit Card with the help of the comparison given below.

What is an ATM card?

An ATM card is a plastic card issued by a bank that carries information about the customer's bank account. The bank lets its customers withdraw money from an automated teller machine at any time using their card. The bank has made this service available to its customers 24 hours a day, seven days a week. An ATM card is linked to your bank account, and using it requires a four digits PIN. You can withdraw cash from any ATM in your area by using an ATM card.

What is a Debit card?

A debit card is a plastic card issued by a bank that can be used to pay for products or services at any time. Any consumer with a bank account can use this service. The customer can make an online payment or an EFTPOS payment using a debit card. He can also check the account balance and transfer monies to any other account holder's account. The debit card is extremely well combined with the mobile banking service, which allows customers to receive transaction notifications on their mobile phones. 

  • Both are made up of plastic.
  • Both allow the facility of balance inquiry.
  • When you use the card, you must enter the PIN.
  • Bank or financial institution issued.
  • When the card is used, the consumer receives an alert message.
  • The bank charges a small fee for using the card.

ATM card Vs Debit card | Difference between ATM card and Debit card:

  • The ATM card is issued by the bank to allow its customer to have access to the ATM at any time to withdraw money. While a debit card is issued by a bank to allow its customers to purchase goods and services by using a card to make the payment.
  • Normally ATM card consists of the logo Maestro or cirrus plus, while Master or visa is encrypted on the face of the debit card.
  • The ATM card does not provide the service of Internet banking, whereas the debit card can be used for online transactions.
  • The significant difference between the two is that the debit card holder can make a payment at the shops and the shopping mall through his card, but the ATM card lacks such a facility.
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