The way we spend our finances has drastically changed over the years. We no longer are limited to using cash and cheque for every transaction. Digital banking has opened up new-age possibilities for convenient spending. The use of debit and credit cards is the by-product of this. 

You conveniently get a debit card as you open your bank accounts. These cards propagate the plastic money concept. You can easily shop, pay bills, transfer money, withdraw, etc., through them. They have eliminated the need to carry money around. Are you fully taking advantage of its benefits? Read on to find out: 

Emergency funding: The traditional method of withdrawing cash is time-consuming. It is not an ideal option during urgency. Using a debit card allows you to draw through automated teller machines located at convenient spots. You can also easily remit money online through these cards, which is excellent for emergencies. It lets you access your funds instantly from your account. 

Protected banking: These cards are entirely safe to use. They come with a four-digit personal identification number. It is best to change the bank provided PIN for extra safety. It is also equipped chip integrated into the magnetic strip behind the card. This ensures additional security as it is harder to skim when you use them in stores, terminals, ATMs, etc. Notification alerts on every transaction is a bonus. 

Easy to obtain: You get your debit card with the account opening kit. Most banks provide it free of charge. The process of obtaining it even simpler when you open an online bank account. You can apply for a new card online in case you misplace or lose it. A few clicks allow you to complete the procedure with ease. Hence, both replacement and new card obtaining are easy. 

Pre-paid: Unlike credit cards, which allow you to spend and pay later with bills, these cards account for the cash you have. They prevent you from overspending. They only use up the funds in your savings account and provide alerts when you go below the minimum balance. You are spending what you already have with assured clarity on your finances. 

Cash backs and offers: Online shopping provides vendors with instant funds as opposed to cash on delivery. Therefore, they offer various discounts, cash backs, gift cards, coupons, etc., to encourage it. It is a great bonus for you to earn valuable discounts on your purchases and money transfers.

Tracking transactions: Other than the notifications, you also get real-time information through mobile banking apps. They allow you to access your balance statements and transaction history online. You can also download or receive these records by mail.