If you’re one of the millions of people who have a checking account, you’re probably more than aware of debit cards. Nearly all checking accounts issue a debit card along with your checkbook, giving you two options for paying for purchases. While many people hold tight to their paper checks, technology has quickly turned debit into the preferred method of payment for most people. If you’re unsure of which option is the best one for you, a quick look at the advantages of debit over checks will likely help you understand what so many others already know – that debit’s the best option in most cases.
First of all, the simplicity and convenience of debit cards are well worth considering. Simply put, writing a check takes a few moments, while swiping a card and keying in your PIN takes seconds to do. You’ll probably have to show ID, may have to get approval from a manager, or jump through other hoops while using a check. Compared to the simplicity of debit, a check goes from being a convenience into the realms of being a bit of a hassle. If you’re looking for the fastest and easiest way to pay for a purchase, debit can’t be beat.
The next advantage lies in managing your finances. Balancing a checkbook is a chore that most have a good bit of disdain for. While it’s relatively simple to do, it does take time and a simple oversight could cost you big when you end up accidentally writing a bad check. With debit cards, your purchases will be posted quickly and show up on your online banking statement. With a smartphone or an internet connection, you can keep track of your finances simply without having to take the time to balance your checkbook. It eliminates the confusion and tedium of checking accounts.
Finally, you’ll be able to use debit cards in more places. A wide range of stores and restaurants simply don’t accept checks any longer, and using debit will ensure you don’t face this dilemma. Additionally, if you’re hoping to do any online shopping you’ll find that your checkbook does you little good. Most online stores require debit or credit cards for all purchases, so if internet shopping appeals to you you’ll need to turn to the plastic instead of the paper. Simply put, debit cards are the better option for anyone who’s serious about their finances.