1. The biggest difference between a debit card and a savings card is that a debit card is used for consumption and a savings card is used for saving money.

2. Debit card holders can use their own cards and passwords at the business outlets in the issuing bank, special merchants, self-service devices with all or part of the functions of deposit and withdrawal, transfer, remittance, inquiry, payment, investment and wealth management, and can also use them at overseas ATMs and special merchants organized by related debit cards.

3. As a savings card, you can have the interest on demand deposits stipulated by the People's Bank of China, and the interest tax is withheld and remitted by the issuing bank according to law, and settled once every quarter.

Extended data:

Function of debit card

1 deposit and withdrawal. Debit cards mainly have the functions of local and foreign currency savings, time savings and current savings. Debit cards can be used to deposit and withdraw money at card-issuing bank outlets and self-service banks, or at ATMs in China and even around the world.

2 Transfer and remittance. Cardholders can transfer or remit money to other accounts through bank outlets, online banking, self-service banking and other channels.

3 credit card consumption. Cardholders can use debit cards to spend money at merchants.

4 collection and payment. Debit cards can be used to pay salaries and pay various fees (such as communication fees, water fees, electricity fees, gas fees, etc.). ).

5 asset management. Wealth management products, open-end funds, insurance, personal foreign exchange transactions, precious metal transactions, etc. You can sign contracts, trade and settle accounts through debit cards.

6 Other services. Many bank debit card services have expanded beyond financial services, such as providing airport VIP access and medical and health services for cardholders.