Debit cards

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Debit cards look like credit cards and can be used in many places where a credit card is used. The difference between a credit card and a debit card is that a debit card accesses the money in your bank or investment account to pay for purchases. The payment amount is transferred from your account to the merchant’s account the same day—you do not have a "float" of a few days between the time of purchase and payment collection.

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