A debit card, also called a check card, is usually linked directly to your bank account. Like the ATM cards of old, you can use a debit card and a PIN to get cash from your account at an ATM. You can also use a debit card to make purchases online, much as you would a credit card.
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When it comes time to check out, type in your card's number as well as its expiration date. Some websites may ask for the card's security code, which is a three digit number printed on the back of the card.
Unlike a credit card, when you choose to use a debit card, the money is automatically taken out of your bank account.
If you use a debit card online and your card number becomes compromised, you may have more liability than if you had used a credit card. The maximum liability for a consumer if his credit card is stolen is £32, according to the FTC. It can be as high as £325 for a debit card if a person doesn't report his card missing within two days. If a hacker gets your debit card information, he can drain your bank account, so that any outstanding, legitimate checks or payments withdrawn from your account will bounce.
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