BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Debit cards require using this to access the account to perform transactions.
A
ATM
B
PIN
C
Check register
D
Checking account
Explanation: 

Detailed explanation-1: -Requires using a personal identification number (PIN) to access the account to perform transactions.

Detailed explanation-2: -PIN stands for personal identification number. A bank or credit union gives you a PIN when you get a debit card. You can change your PIN to a number you will remember. When you use your debit card, you need to enter your PIN on a keypad.

Detailed explanation-3: -Your debit card PIN is typically a four-digit number that lets you access your account. A debit card security code (CSC) is distinct from your PIN. Sometimes called the card verification value or card verification code (CVV or CVC, respectively), it’s a three or four-digit number printed somewhere on your debit card.

Detailed explanation-4: -You need to login to the respective bank’s internet banking portal. Once you log in, go to the section marked as ‘Debit Card’. There will be instructions on how to generate an ATM PIN for your Debit Card. Generate an ATM PIN by following those instructions and your Debit Card will be activated online.

There is 1 question to complete.