Difference Between ATM Card and Debit Card

We often use the words ATM Card and debit card interchangeably. But if you are wondering ‘is debit card and ATM Card same’, keep reading to know. 

What is an ATM Card?

Here are some of the salient features of ATM cards -

• It is a card which can be solely used to withdraw cash from an ATM

• It has a 4-digit Personal Identification Number (PIN) to make the withdrawal possible

• You can check your account balance or your mini statement by using this card

• While you can use your bank’s ATM card at any other bank’s ATM as well, you might have to bear charges based on your bank/other bank whose ATM you are using

What is a Debit Card?

Now let’s define debit cards. The following points will are what describe a debit card-

• It is a multifunctional card which can be used for a variety of purposes

• It can be used for offline and online transactions, internet banking services, and international payments

• It also has a 4-digit PIN which ties it to your bank account

• It can be used for withdrawing cash from an ATM, and also checking your account balance or mini statement

• You can use your bank’s debit card at any other bank’s ATM as well but this might result in some additional charges

ATM Card vs Debit Card

So, ‘is ATM Card and debit card same’? The answer is ‘no’. A debit card can be used as an ATM Card but not vice versa. A debit card comes with many more functions as compared to an ATM Card. 

• You can use your debit card for overdraft facilities of your bank

• The charges for using a debit card are often lesser than that of an ATM Card

• A debit card has a higher daily limit of cash withdrawal 

• Your debit card may often come with reward points