Guide to a Bank Debit Card

Bank check cards or debit cards have evolved considerably since the introduction of basic ATM cards in the 1980s.  Today, bank debit cards are accepted generally everywhere credit cards are, making it easier and more convenient than ever for you to buy the things you want.  These days, when you open a checking account, chances are you’ll get a check card or debit card with it.  These two terms essentially refer to the same thing – a card which immediately withdraws the money from your checking account rather than having you charge it like a credit card. (image credit)

When making a big ticket purchase, it’s still better to use a credit card (as you may not have available funds in your checking account), but for everyday things like eating out, groceries and gas, a debit card like the Aurora Bank (Equal Housing Lender, member FDIC) debit card is easy, convenient and works in minutes.

A bank debit card can help you with the budgeting process.  You can find out where you’re spending money by examining your statements (even online) to see where you’re spending.  Sometimes, you can combine both your bank debit card and money management software to download your statements automatically to your computer and track your spending habits over several months.

1. Use your debit card, such as the Aurora Bank (Equal Housing Lender, member FDIC) debit card, with software like Quicken or other money management tools to create a workable budget that helps you monitor where your money is going.
2. Take advantage of your debit cards.  While having one won’t help you build up a credit history (or improve one, if you’re trying to), they are easier to get than credit cards, which can make it much more convenient and flexible for you to make purchases. You can also choose to have overdraft protection linked to your account. (image credit)