debit card

American  

noun

1. a plastic card that resembles a credit card but functions like a check and through which payments for purchases or services are made electronically to the bank accounts of participating retailing establishments directly from those of card holders.

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debit card British  

noun

1. an embossed plastic card issued by a bank or building society to enable its customers to pay for goods or services by inserting it into a computer-controlled device at the place of sale, which is connected through the telephone network to the bank or building society. It may also function as a cash card, a cheque card, or both

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Etymology

Origin of debit card

First recorded in 1975–80

Example Sentences

Though it offers credit and debit cards, and interest-bearing accounts, Step is technically not a bank, but rather a financial services platform backed by Evolve Bank & Trust.

From Barron's

On NFL game days, total credit and debit card spending rises by around 77% in the zip codes where stadiums are located, wrote the analyst, and the biggest increases are in food and drinks.

From Barron's

One standout was Affirm’s branded debit card, which continued to gain traction in the quarter.

From Barron's

As part of those efforts to diversify, PayPal is pushing its debit card and trying to make the payment transfer app Venmo more profitable.

From The Wall Street Journal

The card duopoly makes money not just from credit card transactions, but also from debit card payments, earning roughly the same fee on both types of swipes.

From Barron's