Debit Cards
What are they?
A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
Advantages and Disadvantages
Disadvantage:
Debit cards have less security, if fraud occurs there will be money missing from your account and it can take up to two weeks to be replaced.
Advantage:
It's a good way to control spending because it's money you already have in your account.