Part 4: Debit Cards Dollars & Sense. What Happens If They Don’t Take Checks? Use a Debit Card! Click Visa Debit Commerical 

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Presentation transcript:

Part 4: Debit Cards Dollars & Sense

What Happens If They Don’t Take Checks? Use a Debit Card! Click Visa Debit Commerical 

What is a Debit Card? Enable customers to withdraw money directly from account. Linked to a specific account, typically checking. When you make a purchase it automatically deducts that amount from the account linked to card You are using your own money!

Making Purchases with Debit Card Card will be ‘swiped’ Enter PIN Cashier gets approval code Code shows you have enough money in account for purchase

Questions to Ask about Debit Cards Annual Fees? Account Link? ATM withdrawal fees? These are separate from the machine fee! What happens if card is lost? Electronic Fund Transactions Act You are responsible for up to $50 if reported in 2 days. You are responsible for up to $500 if reported in 3-60 days.

Creating a Debit Card

Your Task Create a personalized debit card using a blank piece computer paper (8.5 x 11). Using pictures, colored pencils, markers, construction paper – make a professional looking debit card. (Oversized of course!)