What is the difference between an ATM card and Debit Card

Often, we tend to mistake an ATM card and Debit Card to be the same. This is mainly because ATM and Debit Cards are quite similar in terms of their functions and use. However, what we must know is that they are two different cards.  An ATM card is a PIN-based card, used to transact in ATMs only. While a Debit Card, on the other hand, is a much more multi-functional card. They are accepted for transacting at a lot of places like stores, restaurants, online in addition to ATMs.

An ATM Card and Debit Card are simply different ways to access your bank account funds. Most banks these days issue you an ATM cum Debit Card when you open a Savings Account with them. This type of bank card lets you withdraw cash from ATMs while also letting you shop online and offline and pay bills from the comfort of your home or office.

Here are the differentiating factors between ATM and Debit Cards.

What is the Difference between ATM and Debit Cards?

Here are a few differences that you ought to know:

ATM Cards

With ATM Cards, the sole function you can perform is to withdraw cash from the ATM. ATM Cards use a 4-digit PIN or unique Personal Identification Number and are linked to your bank account. So, your bank account balance is reduced in real time if you withdraw any cash, at a given time.

While ATM Cards do not charge any interest, the most inhibiting factor about them is that you cannot use them everywhere. They have a very limited utility. By this, we mean that they are not accepted at all major retail and payment outlets.

Also, another factor to consider about ATM Cards is that you might be charged high fees, by your bank and the other bank in the name of ATM Charges, if your bank and ATM are not the same.

Also, you cannot utilise the Overdraft facility on ATM Cards in case of inadequate funds in your account.

Debit Cards

Easy. Convenient. Hassle Free. These are the three words that describe a Debit Card best. You can use a Debit Card anytime and anywhere for a variety of reasons. They are multi-functional in terms of utility, and all you will need is your PIN (Personalized Identification Number) to complete your purchase. Debit Cards are tied to your Savings Accounts. Therefore, whenever you make any payment, you will see your funds deducted immediately upon making the transaction. You can read more on the benefits of a Debit Card here.

Getting an HDFC Bank Debit Card is easy. All you have to do is click here to apply now!

* Terms & conditions apply. Debit Card approvals are at sole discretion of HDFC Bank Ltd.