debit-card

Vocabulary Word

Definition

A 'debit card' is a bank card that allows you to pay for things directly from your bank account. It is linked to your account, and when you use it, that money is taken out of your account right away.

Examples in Different Contexts

In retail banking, 'debit-card' transactions are a common method for customers to access their funds and make payments. A bank manager might explain, 'Debit-cards offer convenience and security for everyday transactions, reducing the need for cash.'

Practice Scenarios

Business

Scenario:

We need to buy more coffee and snacks for the break room. The store down the street has some good options.

Response:

Great! I'll take the company's debit card and go purchase what we need.

Marketing

Scenario:

We're planning a new product rollout. It's something that will benefit our younger demographic.

Response:

I think a brand-new debit card might engage our younger demographic. Let's start planning the campaign.