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Different Payment Methods With A Debit Card: Online, ATM, Tap, & Chip

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June 28, 2023


What’s Inside

Debit cards have become increasingly popular in recent years due to their convenience and accessibility. They allow you to make cashless transactions both online and offline, and provide 24/7 access to your funds. In addition, debit cards offer security features that protect you from fraudulent activities. In this article, we will explore the benefits of using a debit card, and how to use one for different types of transactions.

Benefits of a debit card

  1. Cashless transactions: With just swipes and taps, debit cards allow you to make smooth payments, both online and offline. There is no interest on the payment you make through your debit card because you're spending your own money in your bank account.
  2. 24/7 cash accessibility: You can swipe your debit card at an ATM machine and withdraw cash at any time of the day. There is also a daily transaction limit that you need to be aware of.
  3. Security: Debit cards require you to set up a Personal Identification Number (PIN) which needs to be entered for every transaction you make. The magnetic chips in debit cards also confer additional security.

How to use a debit card

Debit cards are primarily used for three purposes.

Online Payment

Here's how to use your debit card for online payments:

Step 1: Choose "Debit Card" as your mode of payment.

Step 2: Enter your debit card number, the name of the card owner, and the expiration date.

Step 3: Enter the three-digit CVV code.

Step 4: Finally, enter the OTP received on your registered phone number to complete the payment.

Offline payment

To pay at a store, restaurant etc.:

Step 1: Provide your debit card to the cashier.

Step 2: Tap/swipe your debit card.

Step 3: Enter the 4-digit PIN.

ATM Cash Withdrawal

In case you need to withdraw cash from an ATM machine, this is all you need to do.

To withdraw cash from an ATM, follow these steps:

Step 1: Swipe your card in the ATM machine.

Step 2: Enter your PIN.

Step 3: Select the 'Cash Withdrawal' option and choose the account you want to withdraw from (either Savings or Current).

Step 4: Enter the amount you want to withdraw.


Debit cards are a game-changer when it comes to managing your finances. They're super convenient, easy to use, and come with added security features that protect you from fraud. With a debit card, you can make cashless transactions both online and offline, and you have 24/7 access to your funds. It's a great way to stay on top of your finances without having to carry cash or worry about interest charges.

The Fi-Federal Debit Card: Zero forex, tap-and-pay, and more!

The Fi-Federal co-branded debit card has a bunch of features, including the 'Tap and Pay' feature for contactless payments. It also has no Forex charges on select plans, and you can set your own transaction limits from the app. Plus, you can get offers from top brands in food, shopping, travel, and entertainment. Moreover, there are no annual fees for the Debit Card — if you are on the Infinite plan or a Fi Salary Program user. If you are a Plus or Standard Plan user, it's ₹299+GST. And if you're someone who struggles with budgeting, you can easily freeze or unfreeze your card from the app. It's a great option if you want to keep on top of your finances and have a little more control over your spending.

Frequently Asked Questions

1. How can I use my ATM debit card chip?

To withdraw cash using an ATM debit card, swipe and enter PIN. For online transactions, enter card details, CVV, and OTP.

2. How do I use my debit card for online transactions?

To pay online with a debit card, you just need to enter your card details, including the card number, name, expiry date, and CVV number. Then, you'll receive an OTP on your phone, which you can enter to complete the payment.


Fi Money is not a bank; it offers banking services through licensed partners and investment services through epiFi Wealth Pvt. Ltd. and its partners. This post is for information only and is not professional financial advice.
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