BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many Accounts can be linked with a debit card?
A
2
B
5
C
9
D
10
Explanation: 

Detailed explanation-1: -Not at present. Debit cards can have singular sub-accounts, (Savings/Checking) link to it, but it is essentially one account, which would default to Checking (or Savings) when inserted into an ATM machine or swiped at the POS.

Detailed explanation-2: -It is possible to link and sync two or more deposit accounts with the same bank to one debit card.

Detailed explanation-3: -Many people have multiple Regions accounts, such as one or more checking accounts, a savings account and a money market account. You may link up to 10 accounts to a single card. However, your designated checking account will fund non-Regions ATM transactions and purchases at Visa® merchants.

Detailed explanation-4: -You can have many Debit Cards attached with your account, but all Debit Cards should be of different variant. For example, SBI Classic Card, SBI Global Card, SBI Silver/Gold/Platinum etc Cards. You should maintain an Average Balance for 3 months which is required to avail for these cards.

Detailed explanation-5: -Banks allow you to have more than one checking account at the same time. There aren’t any restrictions in place for how many accounts you can open at a financial institution.

There is 1 question to complete.