The closest parallel to bank linked debit cards is a current account cheque. Like debit cards, cheques draw funds straight out of a current account and they don’t have a separate account. There are some differences.
Debit cards offer quicker confirmation that the funds are in the account. This means that there is not the phenomenon [...]
Charge cards are often seen to be equivalent to debit cards. Neither type of card allows a card user to build up a credit balance on the card. However they are very different.
Charge cards are the oldest members of the payment card family. The first payment card was a charge card, the Diners club card, [...]
There are a number of alternatives to debit cards, and if a person is thinking of getting a debit card then it is useful to decide what sort of service they want.
Credit cards are the most obvious alternatives to debit cards to most consumers. Debit cards and credit cards look very similar and they are [...]
Debit cards are payment cards that are directly connected to bank accounts, usually current accounts. Unlike credit card cards and charge cards, which have their own card account there is no separate account between a debit card and a bank account. Debit cards are only supplied by banks, credit unions and other financial institutions that supply current or savings accounts.