Title

Why Do People Use Debit Cards? Evidence From Checking Accounts

Document Type

Article

Publication Date

3-2013

Department

School of Business

Abstract

Debit cards are the fastest growing consumer payment method despite being more expensive and less versatile than credit cards. In this paper, we investigate some of the oft cited explanations for debit card use. Checking account data shows that debit card use is correlated with age, pay frequency, overdrafting, and ATM use, but not income, gender, crime, or expenditure. The data contain some signs that debit cards might be used as a method of spending restraint.

DOI

https://doi.org/10.1111/ecin.12008

First Page

1986

Last Page

2001

Volume

51

Issue

4

ISSN

14657295

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