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Thread: wat is the diff between debit card and atm card??

  1. #1

    Default wat is the diff between debit card and atm card??

    what is the difference? they both debit straight from the bank account rite?

  2. #2
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    Default Re: wat is the diff between debit card and atm card??

    1 u sign, another 1 u press number...
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    Default Re: wat is the diff between debit card and atm card??

    the most most most important advantage of a debit card is that the card has a visa, mastercard etc.. number on it. Meaning u can use this number to do online purchases, as if u have a credit card like that.

    If u only have an atm card, u can forget abt online purchases..

    sounds interesting? OF COURSE!!! but that will also make u spend more eg. buy on yahoo auctions, ebay, cinema tickets, sistic concerts etc.

    You dun have to sign using a debit card, u can still use it as a atm card and press the numbers in the card machine. All in all, its a better card and do wat a normal atm card can do
    Last edited by kcuf2; 13th December 2006 at 03:37 PM.

  4. #4
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    Default Re: wat is the diff between debit card and atm card??

    A debit card usually is linked to the VISA or Mastercard system, so you can use it almost anywhere as a VISA card (or Master) using that system. No need to go to an ATM machine......

    For ATM cards, you can't pay in the shop/restaurant, you need to withdraw funds fist at an ATM machine.....

    Both deduct immediately from your account.

    There may be other differences in the interest rates, but I am not sure about that, you need to check with your bank.

    Hong Sien

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    Default Re: wat is the diff between debit card and atm card??

    Quote Originally Posted by kcuf2 View Post
    the most most most important advantage of a debit card is that the card has a visa, mastercard etc.. number on it. Meaning u can use this number to do online purchases, as if u have a credit card like that.

    If u only have an atm card, u can forget abt online purchases..

    sounds interesting? OF COURSE!!! but that will also make u spend more eg. buy on yahoo auctions, ebay, cinema tickets, sistic concerts etc.
    try buying pizza from pizza hut with a debit card?
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    Default Re: wat is the diff between debit card and atm card??

    Quote Originally Posted by Del_CtrlnoAlt View Post
    try buying pizza from pizza hut with a debit card?
    mmm..i never try that before, but for ALL of my mcdonald's deliveries, i used my debit card because i dun have spare notes and coins arnd at home to pay the delivery man. And ya, thats another form of convenience

    BTW, i would recommend u place lesser amount in the account linked to the debit card. eg. < $200 or < $500 or watever amount u can afford to lose.

    Because for example the Mac delivery, u have to give the debit card number over the phone, so its a bit dangerous. For my case, i m quite "safe" because my debit card account regulary contains no more than $50 hhahaahha

  7. #7

    Default Re: wat is the diff between debit card and atm card??

    Quote Originally Posted by hongsien View Post

    For ATM cards, you can't pay in the shop....
    Hong Sien
    can not pay in shops??? then why i see ppl using in NTUC? i guess that is ATM card cos it is by a very young student ard 13++ nia

  8. #8

    Default Re: wat is the diff between debit card and atm card??

    Quote Originally Posted by kcuf2 View Post

    Because for example the Mac delivery, u have to give the debit card number over the phone, so its a bit dangerous. For my case, i m quite "safe" because my debit card account regulary contains no more than $50 hhahaahha
    means u have to keep top-up the debit card account every it uses up the $50?

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    Default Re: wat is the diff between debit card and atm card??

    Quote Originally Posted by compro_1975 View Post
    means u have to keep top-up the debit card account every it uses up the $50?
    ya...because u must remember one fundamental thing. The debit card is linked to ur savings account. So if ur savings account got $50 and u used it up, u got to "top up" rite?

    just think of it as a normal savings account with online transaction features

  10. #10

    Default Re: wat is the diff between debit card and atm card??

    Quote Originally Posted by kcuf2 View Post
    ya...because u must remember one fundamental thing. The debit card is linked to ur savings account. So if ur savings account got $50 and u used it up, u got to "top up" rite?

    just think of it as a normal savings account with online transaction features
    ooo auto one la, i thought have to do it personally then it would be rather ma fan

  11. #11

    Default Re: wat is the diff between debit card and atm card??

    you can treat debit card as credit cards with limit, and the limit is what is in your bank account.

    credit card is useful when u pay thing online, to use oversea, to pay for hotel.. but not everyone will be eligible to get credit card if he/she doesn't earn much salary or stable income.. so here is debit card, you can use as visa/mastercard, but it is controllable..

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    Default Re: wat is the diff between debit card and atm card??

    Quote Originally Posted by compro_1975 View Post
    ooo auto one la, i thought have to do it personally then it would be rather ma fan
    nono...its not automatic.. alamak

    wat i mean is, after i used up the money in that debit card account, i go and deposit cash back into the account. Yes its ma fan..
    [or u can do a internet funds transfer and transfer fund from other accounts into ur debit card account]

    And in case i blur u just now, debit account dont need to put just $50, u can put 1 million or 1 billion also can..

  13. #13
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    Default Re: wat is the diff between debit card and atm card??

    Someone was right on the above, debit card uses the same credit card infrastructure....so the coverage is almost worldwide with main player like Amex, Visa or Master......as for ATM, it depends on the bank network and we are lucky in Sg we have Nets linkage.....if not you need to physically withdraw money from the the cash dispenser or we call it ATM machine

  14. #14

    Default Re: wat is the diff between debit card and atm card??

    aiya..if you need to use credit card like visa/mastercard, yet you are a student..too young, or didn't have an income, or housewives, or want to control your usage.. then debit card is for you lor..

  15. #15

    Default Re: wat is the diff between debit card and atm card??

    Quote Originally Posted by kcuf2 View Post
    nono...its not automatic.. alamak

    wat i mean is, after i used up the money in that debit card account, i go and deposit cash back into the account. Yes its ma fan..
    [or u can do a internet funds transfer and transfer fund from other accounts into ur debit card account]

    And in case i blur u just now, debit account dont need to put just $50, u can put 1 million or 1 billion also can..
    oooo, ic. msg noted

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    Default Re: wat is the diff between debit card and atm card??

    ATM card:
    - Use for withdrawal of cash from bank account at ATMs using a pin no.
    - NETS, a system for making purchases without needing to withdraw cash, but not widely supported by online purchases (eNETS)
    - Amount u can spend is limited by amount u have in ur account, and the daily withdrawal limit
    - Amount use is directly deducted from bank account

    Credit card:
    - Usually known as VISA, MASTER, AMEX, etc.
    - Does not support NETS
    - Needs only signature for purchases over store front, needs card number and verification code for online purchases
    - Withdrawal of cash is allowed through means of a pin no., and only at designated machines that support CIRRUS
    - Amount u can spend is limited by bank, usually 2 times ur monthly income, no daily limit as long monthly limit is not hit
    - Amount used, have to be pay up monthly, by means of SAMS, AXS, linked to bank account, etc.

    Debit card:
    - Is just like ATM card, with VISA or MASTER cards features, and supports NETS (Just like a Credit card that works like an ATM card)
    - Needs only signature for purchases over store front, needs card number and verification code for online purchases, needs pin no. for cash withdrawl at ATMs
    - (When in overseas)Withdrawal of cash is allowed through means of a pin no., and only at designated machines that support CIRRUS
    - (When in Singapore)Withdrawal of cash like an ATM card
    - Spending limited by amount in bank account and daily limit
    - Amount use is directly deducted from bank account

    Above information is base on what i know, if any mistakes spotted pls advise..

    Debit card is the way to go man..hassle free..spend what u have only, dun get urself in debts..
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  17. #17

    Default Re: wat is the diff between debit card and atm card??

    Quote Originally Posted by blazer_workz View Post
    ATM card:
    - Use for withdrawal of cash from bank account at ATMs using a pin no.
    - NETS, a system for making purchases without needing to withdraw cash, but not widely supported by online purchases (eNETS)
    - Amount u can spend is limited by amount u have in ur account, and the daily withdrawal limit
    - Amount use is directly deducted from bank account

    Credit card:
    - Usually known as VISA, MASTER, AMEX, etc.
    - Does not support NETS
    - Needs only signature for purchases over store front, needs card number and verification code for online purchases
    - Withdrawal of cash is allowed through means of a pin no., and only at designated machines that support CIRRUS
    - Amount u can spend is limited by bank, usually 2 times ur monthly income, no daily limit as long monthly limit is not hit
    - Amount used, have to be pay up monthly, by means of SAMS, AXS, linked to bank account, etc.

    Debit card:
    - Is just like ATM card, with VISA or MASTER cards features, and supports NETS (Just like a Credit card that works like an ATM card)
    - Needs only signature for purchases over store front, needs card number and verification code for online purchases, needs pin no. for cash withdrawl at ATMs
    - (When in overseas)Withdrawal of cash is allowed through means of a pin no., and only at designated machines that support CIRRUS
    - (When in Singapore)Withdrawal of cash like an ATM card
    - Spending limited by amount in bank account and daily limit
    - Amount use is directly deducted from bank account

    Above information is base on what i know, if any mistakes spotted pls advise..

    Debit card is the way to go man..hassle free..spend what u have only, dun get urself in debts..
    wow, a big tks from a newbie

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    Default Re: wat is the diff between debit card and atm card??

    credit card = u spend as if u really got the money, then later pay like mad..
    debit card = u spend the money u really have.. btw, debit card can sign also.. from the last time i remembered..

    but seriously, dun apply for too many credit cards.. juz get 1 visa, 1 mastercard.. that will suffice..

  19. #19

    Default Re: wat is the diff between debit card and atm card??

    Quote Originally Posted by niki View Post
    credit card = u spend as if u really got the money, then later pay like mad..
    debit card = u spend the money u really have.. btw, debit card can sign also.. from the last time i remembered..

    but seriously, dun apply for too many credit cards.. juz get 1 visa, 1 mastercard.. that will suffice..
    why dun apply too much? dun use also have to pay? sorry ar, i young, wanna noe more so that can plan

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    Default Re: wat is the diff between debit card and atm card??

    Quote Originally Posted by compro_1975 View Post
    why dun apply too much? dun use also have to pay? sorry ar, i young, wanna noe more so that can plan
    Apply onli those with free gifts..then when card comes, cut it into halves to avoid using them..cash is still the best!

    I have always been wondering why we have to pay more at shops when making purchase with credit cards? I ever heard of the bank commission and stuff..but i just find it nonsense..shouldn't we get more discount when paying by credit cards? because in the end the banks are benefiting from it if we uses their system..imagine 1 day, no one wants to use credit card anymore, and ppl only spend with cash..
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