What is the difference between an atm account and a debit card?

what types of accounts do i have to open ( i just got a checking account ) and what does a savings account do? what do i need to do to get a debit card?|||Savings account is for people to save up for the future, emergencies, retirement, etc. Its always a good idea to have money in the bank for a rainy day and for your future.





If you got the checking account then the debit card should arrive in the mail in 7-10 business days. The debit card is linked to your checking account. So that means that if you spend $20 at Borders with your debit card that money is drawn from your checking account.





With a debit card you can get money out of the atm and you can go use it anywhere that debit cards are accepted to make purchases like the movies, bookstores, grocery store, etc.





ATM cards are limited to the atm, you can't use them like you can use debit cards. You go up to the atm withdraw money with it and then use that money for whatever. But you can't use your atm card like you can use your debit card.|||To get a full debit card (not a limited-use one), you have to have the account for a while (some banks like a year, some are happy after six months), with money going into the account and out of it again (to show it's 'active') and with no overdraft.





At that point, you can write to the bank and ask for a full debit card and most banks will give you one. A debit card in theory lets you draw out the full amount that is in your account and no more. (By contrast, a credit card lets you spend money you don't have and pay it back).





An ATM card is any card that lets you withdraw money from an ATM. (In case you don't know, though I guess you do, an ATM is the machine set in the wall of various places that lets you get cash.)





A savings account gives you interest on the money that you put in there, but might require you to put a certain amount in each month and will probably not let you take money out easily. Some savings accounts need notice, 30 days, 60 days or 90 days, before you can take any of your money out. In other words, in return for paying a good rate of interest, the bank takes the money and doesn't let you get it back easily or quickly. The bank usually uses that money itself to make investments and as security against loans to other people.





Credit cards let you spend money you don't have, but charge a high rate of interest for doing it. However, sometimes there's an advantage to using a credit card and paying the balance immediately: for example, if you buy an item on a credit card, it will probably be insured in limited ways (check your paperwork to see what insurance it grants), letting you claim back the cost if an item arrives broken in transit. The the credit card will give you a monthly statement which, if you use the credit card only for business expenses, can make it quicker and easier to claim expenses. Otherwise, though, they are more hindrance than help.





I help this information is useful to you.|||ATM account means that you can draw money out of the bank's ATM (not other bank's ATMs, just theirs).. A debit card draws money out of your savings or checking account (depending on how you have it set up) and sometimes acts as a credit card too (again, depending on how you have it set up). Savings account is an account that draws interest, whereas most checking accounts don't. Getting a debit card depends on the bank's rules and regulations.. you'll have to inquire with them on this one (mostly though, you have to be at least 18 years old)..|||A checking account holds the money that you spend when you use your checks or debit card. A savings account is money that you can't touch, until you transfer it to your checking account. You also gain a little bit of interest on the money you have in a savings account, depending on how much you have stashed in it.|||ATM cards can only be used to take money out of an ATM.





Debit cards can be used like a credit card and used to buy things online and at the store, etc.





Savings accounts are interest bearing accounts but you don't write checks on them.





As to getting a debit card, most banks will ask you if you want one when you get your account. Bank of America did with me.|||In a checking account, u can get a debit card, but u do not gain any interest. In a savings account, u can't get a debit card, but u can get interest. I still prefer getting a checking over a savings because u will not get alot of interest!!!|||ATM cards can only be used to take money from an ATM. debit card can be used just like a credit card or to take money from an ATM.|||they'll issue that.