When you use a debit card, you access existing money in your bank account for the purchase – which can make refunds a bit easier. When you shop with a credit card, you are actually borrowing money, ...

Credit cards and debit cards look almost exactly alike but are actually quite different. Money you spend or withdraw using a debit card comes straight out of your bank account – you’re spending your ...

Differentiate between a checking account and a debit card. Learn how each works, their pros and cons, and when you need them for money management.