Concept in Definition ABC

The word debit It refers to debt, that is, at the request of the accounting, understand that Numerical entry that is made in the account, in the "must", that is, on the left side and that represent assets or rights owned by the person or company in question. It can increase the balance of a liability, or failing that, it implies a decrease in the balance of an asset.

Used in accounting to refer to debts and to name those cards issued by banks that allow various transactions such as payments, collections, among others.

On the other hand, a debit or debit card, as it is popularly called and abbreviatedturns out to be that bank card, issued by an entity financial in which a person has a savings account or current account, and which allows it to realization of financial operations that can be: active (increase in balance), passive (decrease in balance) or neutral (do not imply a decrease or increase).

A hyper-extended proposal in the world that offers the benefit of not transferring money in hand

Debit cards have now become one of the most widespread payment methods for goods and services in the world, especially the The possibility they offer of not having to transfer the physical money to pay this or that sum of money is one of the most salient advantages and for which people more he uses them.

Now, in order to use it, it is necessary to have a balance, with money in the account associated with that debit.

Practically all commercial businesses, restaurants, among others, have this electronic payment method.

Characteristics and format of debit cards

The debit card has a standard measure of 8.5 x 5.3, which has the following data engraved on its forehead: the name and logo of the issuing financial institution, the account number of the client, the full name and surname of the same and the validity of the same, meanwhile, on the reverse it has a guard magnetic which contains the access data and the balance of the money that the holder of the same has and about three numbers which are a code that businesses must dial each time it is presented to make a transaction.

The main characteristic of these cards is that the money used is the one taken by debit that the holder has in his bank account and not the one that lends him the Bank as with credit cards. Generally, for this matter, their annual fees are much cheaper, or even, there are many that are delivered free of charge and without costs than those presented by the credit cards and even more, some banks sign agreements with their clients to allow them to extract money in short by generating a loan with their respective interests.

Currently, the means of payment of salaries par excellence

The bankarization that exists throughout the world is a very widespread reality and for example, most companies, large or SMEs, pay their employees their salaries through the bank.

They sign agreements with financial institutions and enlist their employees to collect their salary every month in this or that bank and for The case for this is that each employee is opened an account, a savings account, and the financial institution issues him a debit card to that can operate, that is, so that you can withdraw your salary completely, or failing that, so that you can use your salary to pay services or purchases of goods by debit card.

Precautions against theft and cloning of the same

As with all these types of elements, they are not exempt from the strategies of criminals who have developed sophisticated tools to clone or copy them and thus steal money from accounts.

There have been many cases of this type in the world and the most important thing to take into account when we use it, to avoid situations of this type, is control always handling it when you give it to pay for something and also when you go to the bank to withdraw money, remember to extract it.

The debit card is one of the most popular financial instruments in the world, as we have already pointed out, and among other functions it allows us to: withdraw money from our bank account through an automatic teller machine, pay services, make purchases in businesses attached to the network, make deposits in your own account, among other

Debit Issues