First, there is no such thing as a debit account - there are checking accounts, savings accounts, and some other specialty types of accounts that have debit cards attached to them. The safety of your money is tied to the type of account you open, not whether it has a debit card. As for the safety of your money, the answer is - it depends. At most banks or credit unions, your money is insured up to #250,000 against the bank/credit union going bankrupt. After that, it gets tricky. For example, if someone fraudulently obtains your debit card and uses it, then you are protected (technically, the first $50 is not protected, but most banks or credit unions will ignore that and just write it off). However, if you give someone your card to purchase, say, a tank of gas and while they are getting that tank of gas, they go into a store and buy $500 worth of stuff, you are screwed since you gave them the card (tacit authorization that they could use the card even though you thought they were just buying gas). Likewise, if you sign yup for a 30 day free trial using your debit card and forget to cancel before teh 30 days, you are liable for the non-trial membership fee.