Okuzeka
Finance & Banking vocabulary · Payments & Cards

Debit card

Meaning in finance & banking, with examples

/ˈdebɪt kɑːrd/nounCore term

In finance & banking, debit card means: A card linked to your bank account that takes money directly from your balance when you pay or use a cash machine.

In Turkish: banka kartı

How it is used

Very common in retail banking. Customers pay by debit card, use it at ATMs and block it if it is lost. A debit card uses the customer's own money, so there is no credit limit, only the balance and daily limits.

Example sentences

  1. My debit card was declined because I had reached the daily spending limit.

  2. We will send your new debit card to your home address within five working days.

Common collocations

  • pay by debit card
  • block a debit card
  • debit card payment
  • contactless debit card
  • credit cardA plastic or digital card that lets you buy now and pay the bank later. You can spend up to a limit and pay interest if you do not repay the full amount on time.
  • current accountAn everyday bank account for receiving a salary, paying bills and making card payments. It pays little or no interest, and the money can be used at any time.
  • contactless paymentPaying by holding a card, phone or watch near a card reader, without inserting the card or, for small amounts, entering a PIN.
  • withdrawalTaking money out of a bank account, for example at a cash machine or in a branch, or the amount that is taken out.

More terms: Payments & Cards

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This page explains English vocabulary for learners. It is not financial advice.