### Question
How does the law define debit card?


### Answer
Under *15 U.S.C. § 1681a*, **debit card** is defined as:

> any card issued by a financial institution to a consumer for use in initiating an electronic fund transfer from the account of the consumer at such financial institution, for the purpose of transferring money between accounts or obtaining money, property, labor, or services

#### Citation:
  - *15 U.S.C. § 1681a*
  - Heading: **CHAPTER 41-CONSUMER CREDIT PROTECTION > SUBCHAPTER III-CREDIT REPORTING AGENCIES**

