Debit cards function like an ATM card and like a check.
- The safety of not having to carry cash.
- Widely accepted compared to checks.
- No grace period with funds quickly deducted from your account.
- Record keeping is more difficult.
- No consumer protection like a credit card.
- Guard your debit card and PIN number.
- Notify your institution if the card is lost.
- Review statements for unusual transactions.