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Banking Basics
Banking Basics
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What are the differences between an ATM, debit & a credit card?
Banking Basics
Differences between an ATM, debit & a credit card
• ATM Card
• CASH. Limited account access through ATM only
• Debit Card
• ATM card but with VISA/Mastercard logo
• Attached to your checking account–It’s your money
• Credit Card
• A line of credit – NOT your money
• Must be 18 years old
• SAFE and secure
When should you use a PIN and when should you sign for a purchase?
• PIN number –Cash back (Possible charges)
• Signature –No cash back (Usually no fee, more coverage)
