How to Use Your Debit Card

Using a debit card is simple.

Insert, tap or swipe your card when making a purchase.

Enter your PIN if the terminal asks for it. The money is then taken directly from your bank account.

KOHO Prepaid Mastercard

KOHO Prepaid Mastercard is a credit card alternative that lets you spend money you already have.

With KOHO Prepaid Mastercard, you can:

• Get instant approval with no credit check
• Spend only the money you load onto your account
• Pay no interest on your purchases
• Earn up to 2% cash back
• Use your card for in-store purchases, online shopping, and recurring payments

How Do You Pay With a Debit Card?

At a store, choose debit when the payment terminal asks how you want to pay.

You can usually:

• Tap your card
• Insert your card
• Swipe your card where supported

You may need to enter your PIN for larger purchases.

The purchase amount comes directly from the money available in your bank account.

Can You Use a Debit Card Online?

Yes. Many debit cards can be used for online purchases.

You will usually enter:

• Your card number
• Expiry date
• Security code
• Billing information

Not every debit card supports online shopping. Check with your financial institution if you are unsure.

How Do You Use a Debit Card at an ATM?

Insert or tap your card at the ATM. Enter your PIN. Then choose what you want to do.

You may be able to:

• Withdraw cash
• Check your balance
• Deposit money
• Transfer money between accounts

Some ATMs charge fees. This can happen if you use an ATM outside your financial institution's network.

Can You Use a Debit Card for Recurring Payments?

Sometimes.

Some debit cards can be used for recurring charges such as:

• Streaming services
• Phone bills
• Gym memberships
• App subscriptions

The card needs to support online or Mastercard or Visa debit transactions.

What Happens If You Spend More Than You Have?

A debit card normally uses money already available in your account.

Your transaction may be declined if you do not have enough money.

If your account has overdraft protection, the payment may still go through. You may then pay overdraft interest or fees.

How Can You Use a Debit Card Safely?

Keep your PIN private. Do not write it on your card or share it with anyone.

You should also:

• Check your transactions regularly
• Lock your card if it is lost
• Avoid suspicious ATMs
• Be careful when entering card details online
• Report transactions you do not recognize

Is a Debit Card the Same as a Credit Card?

No.

A debit card spends money directly from your bank account.

A credit card lets you borrow money up to a credit limit. You repay what you borrow later.

A prepaid card works differently again. You load your own money onto the account before spending it.

The key difference is simple. A debit card gives you direct access to money you already have in your bank account.