Consumer.gov Lesson Materials: Using Debit Cards



Words to Know: Using Debit Cards(Basic / Beginning)Teacher: Edit this handout to include only the 6-8 words you need or want to emphasize with your learners.WordExample SentencealertThe bank alert said that my balance was low.ATMYou can use a debit card to get cash at an ATM.balanceSometimes you pay a fee to use a debit card at an ATM.bank accountYou need a bank account to get a debit card.billWith a debit card, there is no bill to pay later.borrowA credit card is a way to borrow money.budgetYour bank statement can help you create a budget.cancelAsk your bank to cancel your debit card if you lose it.checking accountWhen you open a checking account, you get a debit card.convenientDebit cards are convenient for people who do not carry cash.credit cardYou apply for a credit card at a bank or store.credit historyYour credit history shows how you pay your bills.credit unionYou get a debit card from your bank or credit union.debit cardA debit card is a way to pay for things.declineA store may decline your debit card if you do not have enough money in your bank account.dishonestA dishonest person might try to use your debit card.feeSometimes you must pay a fee to use your debit card.immediatelyDebit cards take money out of your checking account immediately.interestSometimes the bank pays interest on the money in your account.key padEnter your PIN number on the key pad.onlineSomeone might steal your debit card number online.overdraftOverdraft protection lets you use your debit card when you do not have enough money in youraccount.PINNo one else knows my PIN. Only me.privateIt is important to keep your PIN private.purchaseI pay for every purchase with my debit card.security codeA PIN is a personal security code.scheduleI have a regular schedule for paying my rent.statementThe bank sends a statement every month.swipeSwipe your debit card to pay for your groceries.trackUse your statement to track your spending.withdrawI can withdraw money from my account at the ATM with my debit card. ................
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