Debit card is a plastic card which provides an alternative payment method to cash when making purchases. Functionally, it can be called an electronic check, as the funds are withdrawn directly from either the bank account , or from the remaining balance on the card. In some cases, the cards are designed exclusively for use on the Internet, and so there is no physical card.The use of debit cards has become widespread in many countries and has overtaken the cheque, and in some instances cash transactions by volume. Like credit cards, debit cards are used widely for telephone and Internet purchases, and unlike credit cards the bearer of the debit card doesn't have to pay back.
Debit cards can also allow for instant withdrawal of cash, acting as the ATM card for withdrawing cash and as a cheque guarantee card.

Credit card offers; pay for bills over the phone, shop on the internet, make hotel reservations from the comfort of your room, pay at places where personal checks are not accepted, and all other benefits. However, these conveniences provided have often blinded people from the serious dangers of using credit cards. The worst of these is the illusion that is often created. Most people forget they don't actually own the money they are spending. This realization always comes when people become faced with the realities of paying the huge debts they have accumulated from irresponsible use of credit cards.This is often the starting point for the numerous benefits of a debit card. Debit cards can instill financial discipline that credit cards, in most cases, destroy. With a debit card, all your purchases and expenses are directly deducted from your checking account. So, your expenditures are always limited to what the money in your checking account can cover. If you don't get it; the primary advantage of this arrangement is that you don't get haunted, by purchases or other financial decisions you made in the past. You might get broke after an uncontrolled spending spree, but you won't be expected to pay the debts and the neck breaking interest months after you make that mistake.

Financial crisis that has shaken the very foundations of the economies of the world has brought fort yet another predicament to people of all walks of life. Banks have tightened regulations and the slightest mistake can now cause one's bank account to become frozen. bank account freezing proceedings. And with the tough times brought about by the economic meltdown it is now common for people to suddenly find their backs against the wall and thus are forced to take drastic actions that may cause them frozen bank accounts. With massive inflation, rising commodity prices and mass job layoffs many are now left sulking incapable of saving themselves from the dilemma due to lack of finances. Yet there are also those who have enough money but have them kept in frozen bank accounts. Having money you cannot use is just like having no money at all. The circumstances have brought great anxiety to the people who now think that their money is not safe even in the hands of well known banks.