When I use my debit card at the store, the money is automatically taken out of my ..... account.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

When I use my debit card at the store, the money is automatically taken out of my ____ account.

A	Savings
B	Checking
C	Inflation
D	Withdraw

Explanation:

Detailed explanation-1: -Debit cards take money out of your checking account immediately. Debit cards let you get cash quickly. You can use your debit card at an automated teller machine, or ATM, to get money from your checking account. You also can get cash back when you use a debit card to buy something at a store.

Detailed explanation-2: -You can set up automatic payments from your net banking account. The process to set up auto-debit payments differs from one bank to the other.

Detailed explanation-3: -To withdraw consent, simply tell whoever issued your card (the bank, building society or credit card company) that you don’t want the payment to be made. You can tell the card issuer by phone, email or letter. Your card issuer has no right to insist that you ask the company taking the payment first.

There is 1 question to complete.