A debit card is a payment card that directly deducts the money from the cardholder’s account. Debit cards are also known as check cards, offering the ease of a credit card. Debit cards serve to the twin benefit of allowing the card holder to withdraw money and make a purchase from POS terminals. A debit card brings a lot of conveniences as it is safer to carry a debit card than cash. The bank ensures secure transactions through a debit card as all the debit cards are CHIP and PIN enabled.