Debit Transaction

A debit transaction is a financial operation where funds are directly deducted from a cardholder's bank account when they use a debit card to make a purchase or withdraw cash. This type of transaction provides an immediate transfer of funds from the cardholder's account to the merchant's account or through an ATM withdrawal.

Key Characteristics of Debit Transactions:

Benefits of Debit Transactions:

Considerations for Debit Transactions:

In summary, debit transactions offer a direct, efficient, and secure method of accessing and using funds from one's bank account for a variety of payments and withdrawals, enabling effective financial management while ensuring ease of use.