ELI5: Explain Like I'm 5

Debit card

A debit card is a special card that helps you buy things without using actual money. It looks like a credit card and can be used almost everywhere you go to buy things.

But instead of borrowing money like you would with a credit card, a debit card is linked to the money you already have in your bank account. So when you use your debit card, the money is automatically taken out of your account to pay for the things you bought.

It's important to remember that you can only use a debit card if you have money in your bank account. If you don't have enough money, the purchase won't go through and you may have to pay extra fees from your bank.

To use a debit card, you slide it through a machine at the checkout counter or insert it into a chip reader. Then you have to put in a secret code to prove that it's really you using the card. Once that's done, the money is taken out of your account and you can take your purchases home.

In summary, a debit card is a special card that helps you buy things without using actual money. It's linked to your bank account, so the money is automatically taken out when you use it. Just remember to make sure you have enough money in your account before you use your card!