Your personal identification number, or PIN, is a numeric password that verifies your identity. Your financial institution may check your credit history to set the daily limit on the card.Ĭheck with your financial institution to find out about your debit card's daily limit and any fees that may apply when you use your debit card.
Your financial institution may set a daily dollar limit on the amount of money you can withdraw from your account with your debit card. Learn more about the Canadian Code of Practice for Consumer Debit Card Services. Organizations that sign on to the Canadian Code of Practice for Consumer Debit Card Services, like banks, agree to give you the following information before you get a debit card: Information you must receive when getting a debit card You may have to pay a fee when you use your debit card depending on your financial institution.įinancial institutions, such as banks, usually give you a debit card when you sign up for an account.
A debit card is a card that you can use to pay for goods and services, or withdraw money, directly from your bank account.
