BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is like using your own cash and it’s convenient.
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There is no overdraft fee.
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There is no interest fee.
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You can check and track down your transactions.
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Detailed explanation-1: -Using a debit card is also easier and faster than writing a check. It’s a good way to pay for purchases without having to pay interest, as you would if using a credit card with an outstanding balance. You can even use your debit card to get cash when you make purchases at a store.
Detailed explanation-2: -Debit card transactions are listed on the monthly statement much as any other transaction. Reported information typically includes the date of the purchase or ATM withdrawal, the amount, the location of the purchase–store or restaurant name, for example, or street address of the ATM used–and any related fees.
Detailed explanation-3: -Save receipts from every purchase made with your debit card. Store the receipts in a dedicated envelope or file at the end of each day. Enter the purchases into a money tracking software program or spreadsheet. Enter other money spent, such as cash withdrawals or bill payments to keep an up-to-date balance.