Does a debit card have a grace period? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Does a debit card have a grace period?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

No, because it's a deduction from your funds, not a credit facility.

Key points

  • Check your account balance before purchasing.

  • The grace period is a concept associated with credit products, not debit products.

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