You'll open up a checking account with the bank. Your debit card allows you to access that money in the bank, spending it, making purchases, and making cash withdrawals. 00:36 Speaker A ...

The daily purchase limit for your debit card depends on where you bank. Most financial institutions will generally allow you to spend between $400 to $25,000 daily on a debit card.

In Canada, there are 23-million debit cards actively in use. They're the primary pipeline to our hard-earned cash – according to the most recent figures, in 2010 there were nearly four billion ...