BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It’s like a check but comes out of your account automatically
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It’s more convient than a check
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Your use your PIN number to make purchases
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All of the above
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Detailed explanation-1: -A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term plastic card includes the above and as an identity document.
Detailed explanation-2: -A Debit Card is a plastic currency or plastic money. You can use it to buy things when you don’t have cash. Typically, the banks issue a Debit Card to Savings Account holders, and it is linked to your account. All transactions made through your Debit Card are reflected in your bank account statement.
Detailed explanation-3: -A debit card looks like a credit card but works like an electronic check. Why? Because the payment is deducted directly from a checking or savings account.
Detailed explanation-4: -debit card. noun. : a card like a credit card but by which money is withdrawn from the holder’s bank account immediately at the time of a transaction (as a purchase)
Detailed explanation-5: -A debit card lets you spend money from your checking account without writing a check. When you pay with a debit card, the money comes out of your checking account immediately. There is no bill to pay later.