Tag: debit cards

I couldn’t stop to think about why every transaction I make at the store requires me to push “debit or credit”. At the end of the day, it makes very little difference to me. The exact amount of money will leave my account one way or another. You would think that every purchase you make with your debit card would be processed as a debit transaction. But not so fast. Even after sliding your debit card, you’re prompted to select whether you would like the transaction to be processed as “debit” or “credit.” No, the machine is not simply asking you what type of card you hold in your hand. The selection you make comes with pros and cons: for you, for your bank