A debit card allows the owner to access his/her funds electronically. Debit cards may be used to obtain cash from automated teller machines or purchase goods or services using Point-Of-Sale systems (POS). When paying with a debit card the sum is immediately withdrawn from the bank account. If the amount needed for the purchase is higher than the amount deposited in the owner`s account, the transaction will be refused. Banks may limit the amount of transactions per day, e.g. by limiting the withdrawals to EUR 200 per day.
