BANKING AFFAIRS

Detailed explanation-1: -You swipe the card like a credit card, then enter a personal identification number, or PIN, to carry out your transaction. Debit card information is reported as part of your monthly bank account statement, much as is your savings and checking account information.

Detailed explanation-2: -Your bank’s non-network fee: Your own bank may also charge you a “non-network” ATM fee for using an ATM operated by another bank or institution. These charges will typically cost between $2.00 and $3.50, depending on your bank and the tier of service you’re enrolled in.

Detailed explanation-3: -It’s important to record the transaction at the time you actually write the check, make a withdrawal, or make a deposit. By recording the transactions and balancing your account total in your checkbook register, you’ll get a clearer picture of your spending habits and know exactly how much money you have.

Detailed explanation-4: -Checking account: A checking account offers easy access to your money for your daily transactional needs and helps keep your cash secure. Customers can typically use a debit card or checks to make purchases or pay bills.