ATM Card vs Debit Card: Differences and Its Types

Understand ATM Card vs. Debit Card In the modern banking world, the terms "ATM card" and "debit card" are often used interchangeably, but they have distinct differences. Understanding these differences can help you make better financial decisions and use your cards more effectively. In this comprehensive guide, we will explore the differences between ATM cards and debit cards, and delve into the various types of debit cards available.  ATM Card vs. Debit Card: Main Difference? ATM Card: An ATM (Automated Teller Machine) card is a payment card issued by banks to provide access to automated teller machines. Primarily used for withdrawing cash, checking account balances, and transferring funds between accounts. Cannot be used for making purchases online or in physical stores. Debit Card: A debit card, on the other hand, is a payment card that allows you to make purchases directly from your bank account. Can be used at ATMs for cash withdrawals and balance inquiries, just …