BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cash can be withdrawn from a checking account using all of the following except a(n) ____
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debit card.
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check.
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ATM.
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credit card.
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Explanation:
Detailed explanation-1: -(c) Demand Draft can not be used to withdraw cash from a bank account. A demand draft is an instrument that is issued by the bank to the drawer. And when the demand draft gets matured the drawer can claim the money from the bank it does not require the signature of the drawing.
Detailed explanation-2: -Yes, you can withdraw cash using a credit card, though it is expensive to do so. However, there may be situations where you’re unable to withdraw cash from an ATM using your credit card because you’ve reached the credit limit for a cash advance on your card.
There is 1 question to complete.