types of debit cards

Understanding and Types of Debit Cards You Need to Know

Understanding and types of debit cards are things you must know in your financial transactions. In the digital era, everything is sophisticated, including finance. Of course you are already familiar with debit cards. Do you already know what a debit card is and its types? If not, let’s talk!

A debit card is a card issued by a bank. A debit card allows you to make purchases at physical stores and online stores easily and safely. In addition, you can also withdraw money directly from your account via an ATM machine.

You can only have a debit card if you open an account with a bank. When you use a card to buy something such as by swiping it at the checkout or entering the account number in an online shop, money is withdrawn directly from your account and automatically reduces your balance.

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Usually each bank has its own type of debit card. However, in general, debit cards are the same as Visa, MasterCard, EMV, and others. The following are definitions and types of debit cards that you need to know:


Visa is a leading processing network and its cards are accepted by businesses in more than 200 countries worldwide. In Indonesia, many banks issue debit cards bearing the visa logo.

Visa card is a payment card that uses the Visa network. All Visa cards come with a unique 16-digit number that is printed or embossed on the front of the card along with a microchip. It aims to protect cardholders from fraud.

Another feature of the visa debit card is the presence of a magnetic stripe on the back along with a panel for the cardholder’s signature. There are several types of visa cards such as credit cards, debit cards, and prepaid cards.


MasterCard is the second largest payment network in the global payments industry after visa. MasterCard also partners with financial institutions around the world, including in Indonesia.

MasterCard debit cards can be used worldwide. Even if you are traveling overseas, there is no problem using your MasterCard to make purchases. You can also withdraw your cash from ATMs bearing the MasterCard logo.

In short understanding and types of debit cards MasterCard is a payment card that deducts money directly from your account. Yes, its function is the same as a debit card in general. This type of card is widely used in various parts of the world. Maybe the debit card in your wallet also has the MasterCard logo on it.


EMV stands for Europay International, MasterCard and Visa. EMV uses very strict security. This helps stop fraudulent and fraudulent payments.

Instead of magnetic stripe, EMV prefers to use a microprocessor chip embedded in the card. EMV cards can be debit or credit cards and are often referred to as chip cards or smart cards.

EMV cards provide more secure cardholder verification. This makes EMV cards nearly impossible to counterfeit. The EMV card also validates the authenticity of each transaction with a unique digital signature.

Already know the meaning and types of debit cards, right? more or less like that. So, when you want to open an account, you already have an idea which type of debit card you want to choose.

Still don’t get it? Don’t worry, the bank’s customer service will definitely explain the definition and types of debit cards in detail, so it will be easier for you to determine the right card for you.

Thank you for reading the article on investmoneysaving.com. See you in another financial article. Don’t forget to share the information in this article on your social media.



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