Bank ATM card vs Debit card: Do you know the difference? Check listing

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ATM card is not same as your Debit card. An ATM card is a PIN-based card, used to transact in ATMs only while a Debit Card is a much more multi-functional card and is used for transacting at a lot of places like stores, restaurants, online in addition to the ATM.

Most people would be unaware that banks can also provide a bank ATM card to its account holders. Also, they would be keen to know what are the ATM card vs Debit card difference. Most banks including SBI, HDFC Bank, ICICI Bank and Axis Bank issue these cards. Are the two cards same or different? Know here. It is a common perception among people to think that ATM cards and Debit Cards are the same. The perception is mainly because they look similar and work almost


identically. But we should know that an ATM card is not same as your Debit card. An ATM card is a PIN-based card, used to transact in ATMs only while a Debit Card is a much more multi-functional card and is used for transacting at a lot of places like stores, restaurants, online in addition to the ATM. However, ATM cards have many benefits that debit cards don’t.

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ATM Card Vs Debit Card difference: What you should know


ATM Cards
— ATM Cards are solely used to withdraw cash from the ATM.
— ATM Cards use a 4-digit PIN or unique Personal Identification Number and is linked to your bank account.

— Your bank account balance is reduced in real time if you withdraw any cash, at given time.
— ATM Cards do not charge any interest
— They cannot be used everywhere and have a very limited utility.
— Your bank may charge high fees as ATM charges if your bank and ATM are not the same – if you use other banks’ ATM.
— You cannot utilise the Overdraft facility on ATM Cards in case of inadequate funds in your account.


Debit Cards

— They are easy and convenient to use.
— Debit cards can be used anytime and anywhere for a variety of reasons.
— You will need your PIN (Personalized Identification Number) to complete transactions.– Debit Cards are tied to your Savings Accounts. Whenever you make any payment, you will see your funds get deducted immediately upon making the transaction.

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