Ways to pay

There are many ways to pay for the things you buy (called goods) or for paying bills for services. 

Some of the ways to pay include:

  • Cash – the most common way to pay for everyday purchases

  • Cheques – a way to pay money into, or out of your bank account

  • Debit card – a way to pay for goods and services. You can also use it for getting cash from your bank or a cashpoint machine (also called an automated teller machine (ATM))

  • Credit card – a way to pay for goods and services on credit (you are borrowing money and will need to pay it back)

  • Direct debit – a regular payment from your bank account, commonly used for paying regular bills

  • Internet/phone transfer – known as online banking, a way to manage your bank account using your computer, tablet or mobile phone

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