Debit Cards

5
7 reviews for top rated offer
We've found 756 checking accounts with debit cards from financial institutions across the country. Available on both the Visa and MasterCard networks, debit cards offer the same convenience as credit cards, without the risk of running up high interest charges on outstanding balances. That said, debit cards do leave you exposed to overdraft fees, and they don’t offer the same level of fraud protection as a credit cards.

You can learn more about how debit cards work in the more
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We work hard to present you with accurate checking account information on this page. However, this information does not originate from us and therefore we cannot guarantee its accuracy. You can check the details page of each offer for the date the information was last updated on WalletHub. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicants' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
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1st bank yuma checking account
Interest Rate
2.96%
Monthly Fees
None
Features
Visa Debit Card
more info
  • In order to get the 3.00% APY you need to have the following monthly requirements : online banking, e-statements, one direct deposit and 15 debit card transactions.
  • If account does not meet requirements during monthly cycle a .05% APY will be earned on the entire balance.
texas first bank rewards checking
Interest Rate
2.01%
Monthly Fees
None
Features
Visa Debit Card
more info
  • To qualify for interest and Rebate of ATM Owner Surcharge you must: Have at least 10 debit card purchases post and clear AND Receive eStatements AND Have at least 1 automatic payment.
  • Unlimited check writing.
westfield bank dream big checking
Interest Rate
1.99%
Monthly Fees
None
Features
Visa Debit Card
more info
  • If requirements are not met you will earn 0.05% APY.
  • To earn the interest rates and APYs posted, you must have at least 12 debit card point-of-sale (POS) purchases post and clear within a qualification cycle; Have at least one direct deposit or automatic payment post and clear within a qualification cycle; AND Enroll in Online Banking and receive electronic statements.
  • Free Check Writing Privileges
  • Westfield Bank will reimburse up to $12 per month of ATM surcharges incurred using your Westfield Bank ATM/Debit card outside of the MoneyPass Network.
  • Surcharge free Online Banking and Bill Pay
  • Westfield’s mobile banking app will allow both personal and business banking customers to pay bills, transfer funds, and utilize mobile deposit capture on any smartphone, tablet or laptop
dollar bank everything checking
Interest Rate
1.6%
Monthly Fees
$5
Features
MasterCard Debit Card
more info
  • Immediate access to your paycheck with direct deposit.
americanet rewards checking
Interest Rate
1.5%
Monthly Fees
None
Features
Visa Debit Card
more info
  • Product can be found at www.americanetbank.com, which is an online subsidiary of All America Bank.
  • To qualify for Overdraft Privilege you must have made deposits totaling $500 within the last 30 days.
  • If requirements are not met you will earn 0.25% APY.
evantage bank rewards checking
Interest Rate
1.5%
Monthly Fees
None
Features
Visa Debit Card
more info
  • Bill Pay is free up to 10 payments a month, and $0.50 per payment after that.
  • To qualify for Overdraft Privilege you must have made deposits totaling $500 within the last 30 days.
  • If requirements are not met you will earn 0.25% APY.
bank of internet rewards checking account
Interest Rate
1.24%
Monthly Fees
None
Features
Visa Debit Card
more info
  • Free initial checks (50-pack) if ordered at account opening.
  • Free online images of checks and statements.
  • Your interest rate can be as high as 1.24% based on the following combined rate rewards: direct deposits totaling $1,000 or more; two bill payment transactions per month; one to five debit card purchases per month and six or more debit card purchases per month.
  • No fee for an item generating a negative balance less than the NSF fee.
  • Unlimited ATM reimbursements at any domestic ATM in the US - confirmed by the bank.
evb reward checking
Interest Rate
1.01%
Monthly Fees
None
Features
Visa Debit Card
more info
  • Unlimited check writing.
  • ATM fee reimbursements provided only if qualifications are met within the monthly qualification cycle.
  • To qualify for shown interest rates you must: Have at least 10 debit card purchases post and clear AND Access Online Banking AND Receive free e-Statements AND Have at least 1 direct deposit or ACH auto-debit. Otherwise Interest rate and APY is 0.05%.
security first bank green checking
Interest Rate
1%
Monthly Fees
None
Features
Visa Debit Card
more info
  • Interest rate and APY depends on number of Debit Card Transactions; 0 - 19 Debit Card Transactions APY= 0.50% 20 or more Debit Card Transactions APY= 1.000%.
  • Unlimited free ATM use at Security First ATMs.
  • Unlimited online and mobile banking access.
legacytexas bank maximum checking
Interest Rate
1%
Monthly Fees
None
Features
MasterCard Debit Card
more info
  • To maintain a Maximum Checking Account, you must (a) receive a monthly direct deposit OR (b) make at least ONE online bill payment per month. If these eligibility requirements are not met, the account may be converted to a Free Checking account.
Ask our Experts
EXPERT’S ANSWERS

How to Get a Debit Card

By: Richie Bernardo, Personal Finance Reporter There are two options for getting a debit card:

  • Open a checking account. Most checking accounts will come with a debit card automatically. If your bank provided you with an ATM card instead of a debit card when you opened your account, you may be able to request a debit card instead. You can, of course, shop for an account with a debit card using our search tool above.

  • Get a prepaid card. Prepaid cards work just like debit cards, but instead of giving you access to funds in a checking account, the prepaid card is a standalone card for making payments and withdrawals. Prepaid cards allow you to spend only the money you have loaded onto your account, so there’s no risk of accidentally overdrawing your balance and being hit with the associated fees. But prepaid cards come with their own sets of fees, so weigh these against the costs of a checking account.

Do I Need a Debit Card?

By: Richie Bernardo, Personal Finance Reporter If you have both a credit card and an ATM card, then no, you don’t necessarily need a debit card, since you already have ways to pay with plastic and withdraw money from ATMs.

Otherwise, yes, you need a debit card primarily for the following reasons:

  • Convenience: Besides the ability to withdraw cash from an ATM, debit cards can cover purchases that can’t be paid with cash. For instance, hotels and rental car companies require a debit or credit card to make reservations online. Some airlines will only accept plastic for in-flight purchases. With a debit card, you can lighten your wallet and easily make purchases, withdraw cash or pay bills.

  • Safety: The federal government insures deposits up to $250,000 per depositor, per financial institution in the unlikely event that the institution fails. In addition, debit cards are protected from fraud. And the fact that you’re limited to spending only the money in your checking account acts as a built-in safety net against uncontrollable spending habits.

  • Overseas Travel: No foreign fee credit cards provide the most convenience, protection and savings for making purchases abroad. However, you may still need cash in a different country, and drawing cash advances against your credit card are way too costly. In that case, your best bet is to use a no foreign fee debit card and hit the ATM instead.

How Does a Debit Card Work?

By: Richie Bernardo, Personal Finance Reporter When you open a checking account, the debit card you receive will have three main functions:

  • It doubles as an ATM card, so you won’t get a separate ATM card from your bank.

  • It can be used for “debit” purchases at payment terminals that accept a PIN for authorization.

  • Even though it’s not a credit card, it can be used for “credit” purchases anywhere that VISA or MasterCard is accepted (depending on the logo on the front of your card). To complete these purchases, you will need to sign the receipt like you would for a credit card purchase.


When you use your PIN for a debit card purchase, funds will typically be deducted from your checking account balance immediately. Making a “credit” purchase (i.e. you sign your name) puts a hold on your account for the anticipated amount and takes a day or two to clear. But don’t let the label “credit” confuse you. There is no credit extended to you. You are still limited to spending only the balance in your checking account.

Once you deplete your balance, your transactions will be declined — or covered by your financial institution in exchange for an overdraft fee of between $27 and $34 — unless you’ve enrolled in an overdraft protection program, which tends to be a more cost-effective option of covering shortfalls in your checking account balance.

Finally, details of every purchase and withdrawal will be included on your monthly account statement.

How Much Are Debit Card Fees?

By: Richie Bernardo, Personal Finance Reporter Most of the time, debit cards are free to use, as there is usually no direct cost associated with just having one. However, using a debit card can still trigger certain fees, including:

  • ATM Withdrawal Fees — charged by your bank for using a non-network ATM

  • ATM Owner Surcharges — charged by the owner of the ATM

  • Overdraft Fees — if you spend more than your account balance

  • Point-of-Sale Fees — charged by some banks for authorizing a transaction with your PIN instead of your signature


You can find a list of the most common debit card fees and rates on WalletHub’s Banking Landscape Report. Prepaid cards and gift cards have their own fees and costs, which vary by offer.

Are Debit Cards Protected from Fraud?

By: Richie Bernardo, Personal Finance Reporter Yes, they are but it depends on whether you use your PIN or signature to authorize a transaction:

  • For “credit,” or signature, purchases, you receive $0 liability protection on all networks.

  • For “debit,” or PIN, purchases, protection depends on the credit card network. But under federal law, if you report within two days, you’ll be liable for a maximum of $50; more than two days but less than 60 days, $500; after 60 days, you may not be able to recover any of the funds that were lost.


There is one other important distinction between credit and debit cards: If someone makes a fraudulent charge on your credit card, it reduces your available balance while you’re disputing but doesn’t immediately take money out of your pocket. There’s extra risk from your debit card because a fraudulent charge takes money out of your checking account immediately.

What Is the Difference Between a Debit Card and a Credit Card?

By: Richie Bernardo, Personal Finance Reporter Debit cards and credit cards look the same, but they function a bit differently:


































Key Features Debit Card Credit Card
Lets you borrow money
Lets you pay your balance over time
Helps you build credit
Can earn generous rewards
Allows ATM withdrawals


CardHub’s Credit vs. Debit guide offers more information on the distinctions between the two types of cards.

What Is the Difference Between a Debit Card and a Prepaid Card?

By: Richie Bernardo, Personal Finance Reporter Prepaid cards are essentially debit cards that aren’t tied to a checking account. However, as is the case with credit cards, they match in appearance but differ in functionality. With a debit card, you can opt to exceed your account balance in exchange for overdraft fees or overdraft protection charges. With a prepaid card, you can only spend what’s loaded on the card but won’t incur overdraft fees.

Additionally, prepaid cards come with guaranteed approval. With debit cards, you first need to apply for a checking account, which requires checking your banking history.

Tips for Using a Debit Card

By: Richie Bernardo, Personal Finance Reporter Debit cards are useful pieces of plastic, but they require responsible consumer behavior on your part. Follow the tips below to avoid potential problems with your debit card such as incurring hefty fees.

  • Reject Your Financial Institution’s Offer to Cover Overdrafts: Your bank may give you the option to use your debit card even when you don’t have enough funds in your account for the purchase or withdrawal. You should decline this very expensive form of credit. Instead, when your balance is too low for a purchase or withdrawal, your card will simply be declined at the cash register or ATM, and you’ll save between $27 and $34 in overdraft fees each time.

  • Keep Your PIN Private: You should never write your PIN on your debit card. Don’t choose a PIN associated with your identity, either, (e.g., your birth year or last four digits of your Social Security number), which is easy for thieves to guess if they gain access to other personal information.

  • Avoid Using Your Debit Card Online: Although debit cards offer the convenience of paying for purchases or bills online, you may have a harder time recovering your money if you become a victim of identity theft. We recommend using a credit card instead, which allows you to spot unauthorized activity on your statement before you have to pay the balance.

  • Set Up Account Alerts: Signing up for text or email alerts that warn you when your account balance is low can save you up to $34 on each overdraft. With this simple preventive measure, you can deposit money right away or pay for a purchase with other means if you don’t have overdraft protection.

  • Choose “Credit,” Not “Debit” When Given a Choice: When you pay for a purchase at the cash register, the clerk will often ask you if you prefer to pay with “credit or debit.” If your bank charges fees for PIN purchases, you can avoid the fee by choosing “credit” instead. Choosing “credit” also gives you a higher level of fraud protection. And if your debit card earns rewards, you may only get them with signature-based transactions.

  • Use a Credit Card for Rentals, Hotels & Gas: Rental car companies and hotels usually place a hold on plastic when making a reservation to make sure you’ll have enough money to cover the price of the rental or room. Gas stations do the same when you pay for fuel. They will only release the hold after several days or once you’ve settled your bill. If you use your debit card for these transactions, your actual money will be frozen for the duration of the hold, which means less disposable funds. For this reason, we recommend using a credit card instead, unless you’re near your limit.

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