BANKING AFFAIRS

Detailed explanation-1: -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. Accounts may have different options to help avoid the monthly service fee.

Detailed explanation-2: -Making an ATM withdrawal couldn’t be easier. Just insert your physical card or scan your virtual one over the reader, select the language option, and enter your 4-digit PIN number. Once the PIN is approved, select ‘withdrawal’ for transaction type, and enter the amount you want to withdraw.

Detailed explanation-3: -If you use a debit card at a retail store, you or the cashier can run your card through a scanner that enables your financial institution to verify electronically that the funds are available and approve the transaction. Most debit cards also can be used to withdraw cash at ATMs (automated teller machines).

Detailed explanation-4: -Checking accounts are a household money management staple, allowing you to pay bills and make purchases through electronic transfers, paper checks and debit cards. Consumers usually keep their checking accounts for a long time.