What are the pros and cons of using a debit card over using checks?
Author: Chuck Ivens
Website: http://www.ChecksInfo.com
Added: Sun, Jan 14, 2007 14:11:32
Category: Checks Questions
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A debit card gives you the convenience of not having to carry a bulky checkbook and is usually faster and easier than writing a check. Certain banks also offer incentives or rewards for using a debit card, because debit card transactions are easier for them to handle than check transactions. Also, when you use a debit card to purchase goods or services, the payment is usually posted to your account within 24 hours.
The main disadvantage of using a debit card is that it becomes easier to overdraw your account. Although debit cards are convenient to use, there is still a need to keep track of your expenses. Also, your bank may charge certain fees for using a debit card, so you should understand the fees before you start to use the card.
keywords: Checks | Check | Checking | Checkbook | Cheques | Banking | Debit Card | Check Card | Bank Card About the Author:
Chuck Ivens answers frequently asked checks questions at PrettyGreatAnswers.com.
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