(May 8, 2021 at 12:49 pm)arewethereyet Wrote: Of course a debit card is virtual money.
If you aren't handing someone bills and coins but are completing a financial transaction electronically, it's virtual.
No, it is a physical/paper/computer representation of money you have deposited.
Debit cards don't work like credit cards. You can't overdraw. It isn't a loan either. If you don't have funds in the account, you cant withdraw money.
Credit cards are a loan. If you don't pay on time you get hit with fees and interest.