BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following transactions may NOT be reflected on your account balance if you go online to check your balances?
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ATM cash withdrawal from yesterday
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Check that you mailed to your cousin for his birthday today
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Automatic payment for your car loan paid two days ago
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Debit card transaction from purchasing snacks at a local convenience store today
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Explanation:
Detailed explanation-1: -Debit card transactions may not be reflected in your Available Balance immediately.
Detailed explanation-2: -Which of the following is not a transactions account? A savings account.
Detailed explanation-3: -An overdraft occurs when you don’t have enough money in your account to cover a transaction, and the bank or credit union pays for it anyway. Transactions include ATM withdrawals and debit card purchases as well as checks and ACH payments (such as online bill payments).
Detailed explanation-4: -You write paper checks, withdraw money from an automated teller machine (ATM), or pay with a check card.
There is 1 question to complete.