Debit Card

A debit card is a form of payment where funds from a bank account are used to pay for goods and services.

Checks - Debit card payments can be made using contactless where the card is tapped against a reader (this has limits to prevent fraud). Higher amounts need to verified with a pin (this is called Chip and Pin)

Issues - Fraud and theft.

Timing of payments - Payments are usually taken from the account on the same day (although this can be the next day if the payment is made later on in the evening.

Money is usually transferred into the receivers account the day after the payment is deducted.

Discrepancies - Discrepancies can be picked up by looking at till receipts and bank statements. Any discrepancy should be queried with the bank immediately.