bankkaart

A bankkaart is a payment card issued by a bank that allows its holder to access funds from a linked bank account for cash withdrawals and payments. In the Netherlands and other parts of Europe the term is used to describe the debit card that debits funds from a current account at the moment of the transaction rather than extending credit. The card can be used to pay at point-of-sale terminals by inserting or tapping the card and entering a PIN, and it can also be used for contactless payments where supported. It can additionally be used to withdraw cash at automated teller machines (ATMs).

Bankkaarten operate on electronic payment networks such as Maestro, Mastercard Debit, or V Pay. The exact network or networks depend on the issuing bank and the country. Many cards are issued as multi-network or transition between networks as standards evolve. In everyday use, a bankkaart provides both in-store and online purchasing capabilities, with online transactions typically requiring additional verification.

Security features include an EMV chip and PIN, with fraud prevention measures and risk controls implemented by the issuer. Cardholders should report a lost or stolen card promptly to block access and minimize liability; banks may offer card replacement and temporary limits. Online payments often rely on additional verification, such as 3-D Secure.

Difference to credit cards: a bankkaart draws funds directly from the linked bank account and is not a revolving line of credit. Mobile and digital options allow linking the card to a smartphone or wearable wallet for contactless payments.

Terminology: in Dutch usage the term bankkaart is sometimes used interchangeably with bankpas, though bankpas is the more common everyday term for the debit card in the Netherlands.