What is the diff between selecting "debit" or "credit" when it causes to using a atm/debit card?

Question

What is the diff between selecting "debit" or "credit" when it causes to using a atm/debit card?

Answer 1

Debit takes the money straight out of the account.

You have to pay the credit off in payments.

Answer 2

when you use your card as credit the money in your account is held for that purchase until it clears...debit: the money comes out immediately.

Answer 3

DEBIT- IMMEDIATELY TAKE MONEY OUT OF YOUR CHECKING ACCOUNT

CREDIT- IS BORROW MONEY THAT YOU'LL HAVE TO PAY BACK WITH INTEREST.

Answer 4

They are two separate items.

A debit card withdraws money directly from your bank account.  A credit card generates a bill due at a certain time each month.

If your card is a debit, you select debit.  If it's credit, you select credit.  

I have heard of dual use cards.  If you had one of those, i would suppose selecting debit would cause a debit from the account, while selecting credit would activate that portion of the account.  If they are available, that would be an unusual type of card, though, as usually (even if they are linked) separate debit/credit cards are issued.

Answer 5

a debit card, the money comes out of your account

a credit card, they are paying for the goods and you are using credit (that credit is a debt, until you pay it off) you will recieve a bill at the end of the month and if you dont pay in full then you will end up paying a very high amount of interest.

If you are crediting your account then you are putting money into your account.

Some cards that are debit cards from your current account also offer a credit facility at the banks ATM - so you can put money into the machine using envelopes provided by using your card.  The money is then going to go into your account, once the staff have counted the funds etc at end of day.

I know the Abbey do this.

Answer 6

debit - taking money out of your account

credit - putting money into your account

Answer 7

debit takes the money from your bank account, credit takes it from your credit card, which probably charges you more intrest on the money