4 ms·
> The US definition of a "debit card" is massively different than the Canadian one. For us, our bank card is the debit card. The same one I use to take money ou
by jdminhbg 10y ago
> The US definition of a "debit card" is massively different than the Canadian one. For us, our bank card is the debit card. The same one I use to take money out of my account at an ATM is the same one I can use to buy a $1 coffee.
I keep seeing this pop up, but it's a misconception; we have these in the US too. I have one, although I don't use it for purchases (I use a rewards credit card that gets paid off monthly instead). Here's an example (hopefully Wells Fargo doesn't redirect you because you're in Canada): https://welcome.wf.com/checking/?gclid=CIzL2ong1NMCFVBtfgodbh4EyA https://welcome.wf.com/checking/?gclid=CIzL2ong1NMCFVBtfgodb...
- run4yourlives2 10y agoIt's not that they don't exist, it's that you don't have the POS being widespread enough to support it in a common way. The Interac system in Canada is pretty much a given for any vendor that has a cash register. That automatically makes every single bank card into a direct debit card. You can choose to use it if you want of course, but it's default for all bank accounts, really.
- jdminhbg 10y agoThis is still very wrong. US debit cards work with any credit card-accepting POS. If you can enter 16 digits and expiration date and get a charge, your debit card will deduct that amount from your checking account for you.