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What is the Difference between ATM Card and Debit Card
Posted on Thursday, November 17th, 2022 | By IndusInd Bank
Although commonly seen as synonymous, there are several differences between an ATM Card and a Debit card. An ATM card comes with limited features while a debit card is a multi-functional card offering a host of services & features.
People often mistakenly believe an ATM card and Debit card to be the same thing. Since banks typically issue an ATM-cum-debit card to customers, most do not get to know the differences between the two. However, there are a few fundamental differences between the two types of cards. Here is everything you need to know about how an ATM card compares to a Debit card.
What is an ATM Card?
An ATM card is a card that allows an individual to withdraw money from an ATM. Every ATM Card comes with a 4-digit PIN or unique Personal Identification Number that is linked to your bank account. The money in your bank account reduces in real time when you withdraw any cash using your ATM card at any given time.
What is a Debit Card?
A debit card is a multi-functional card that can be used for withdrawing funds from an ATM, as well as for offline and online transactions by swiping the card or entering the information on it. Easy to use and convenient, Debit Cards are tied to your savings account. Hence, whenever a payment is made or funds withdrawn, the amount is immediately and directly deducted from the linked bank account.
Key Differences between ATM Card & Debit Card
The key differences between an ATM card and Debit card have been enumerated in the table below:
| ATM CARD | DEBIT CARD |
| It has limited utility and can only be used at an ATM. | It is a multi-purpose card that can be used to withdraw funds at an ATM as well as to make payments at online stores and at bricks-and-mortar merchant establishments. |
| It does not offer internet banking facility. | It comes with net-banking facility, enabling all kinds of online payments, including utility bills and international payments. |
| Cannot be used to avail of overdraft facility. | May be used to utilise the overdraft facility offered by the bank. |
| It mostly carries the Plus, Cirrus, or Maestro logo. | It typically bears a Visa or MasterCard or RuPay logo. |
| May or may not have a signature strip. | Always has a signature strip |
| It can only be used within the country. | It can be used within the country and outside of it. |
As elucidated above, the differences between an ATM card and Debit card primarily pertain to their functionality and usage.
While the debit card unquestionably has wider utility, the ATM card is useful in its own right.
Debit Cards from IndusInd Bank
IndusInd Bank offers a range of debit cards that come with a host of unique features and benefits, tailored to fit different lifestyle requirements. Not only can these debit cards be used to withdraw funds, they are acceptable at hundreds of merchant establishments across the country and can be utilized to make all types of online payments such as utility bills, and payments on government and e-commerce websites.
Additionally, every IndusInd Bank debit card comes with welcome benefits including brand vouchers and bonus reward points on activation. What’s more, every time you shop with your debit card, you earn reward points that can be redeemed for cashback and gifts! Other exclusive advantages of IndusInd Bank debit cards include discounted cross-currency mark-up charges on international purchases, curated cashback and discount offers, and robust safety & security features including protection against losses in case of card theft. You don’t have to separately apply for a debit card as you get one anyway upon opening a savings or current bank account at IndusInd Bank. So, pick an IndusInd Bank debit card that suits your needs and begin reaping the benefits today!
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
