ATM Card vs Debit Card: How They Compare

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is an ATM Card?
How Do ATM Cards Work?
Check your available savings vs. money market account balance Deposit cash into your linked bank account Transfer funds between your savings vs. checking account
What Is a Debit Card?
How Do Debit Cards Work?
ATM Card vs Debit Card
ATM Card vs Debit Card Usage & Fees
ATM fees for using a nonproprietary ATM unaffiliated with your depository institution Excessive transaction fees if your ATM card exceeds any transaction limitations during a monthly statement period Overdraft or nonsufficient funds (NSF) fees
Pros and Cons of ATM Card vs Debit Cards
Which Is Right for You?
Getting an ATM or Debit Card
The Takeaway
Frequently Asked Questions
Photo credit: iStock/South_agency
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About the Author
Sulaiman Abdur-Rahman writes about personal loans, auto loans, student loans, and other personal finance topics for Lantern. He’s the recipient of more than 10 journalism awards and served as a New Jersey Society of Professional Journalists board member. An alumnus of the Philadelphia-based Temple University, Abdur-Rahman is a strong advocate of the First Amendment and freedom of speech.
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