Can savings accounts have debit cards?

Michael Solomich
September 29, 2022
3:44 pm

A savings account is a type of deposit account that typically earns interest and has limitations on withdrawals. A debit card is a plastic card that gives the cardholder a set amount of funds against each purchase that they make. Debit cards are linked to checking accounts and function similarly to credit cards. It is possible for savings accounts to have debit cards. In this case, the savings account would be linked to the debit card and the cardholder would be able to access their funds through the use of the debit card. There may be certain restrictions on how much money can be withdrawn from the savings account using the debit card, but this will vary depending on the bank or credit union. Overall, having a debit card attached to a savings account can be a convenient way to access funds without having to go through the process of writing a check or making a withdrawal at an ATM.

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