You find three receipts from your activities today:(1) ATM withdrawal of $60 plus $3 out-of-network ATM fee, (2) Debit card used for grocery bill of $34 plus cash back of $20, and (3) ATM deposit of $90 from birthday checks. What is your current balance if you started the day with $300 in your account?

BANKING GENERAL KNOWLEDGE

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

A	$273
B	$333
C	$83
D	$300, because banks don’t process any same-day transactions

Explanation:

Detailed explanation-1: -A debit card is a payment card that is linked to the funds in your account and can be used to withdraw or deposit cash at ATMs and be used at both in-person and online retailers. When you use your debit card to pay for goods or services, those funds will be deducted from your checking account balance.

Detailed explanation-2: -To access their funds, they can write checks, use ATMs, or use electronic debit or credit cards connected to their accounts.

Detailed explanation-3: -Debit card transactions may not be reflected in your Available Balance immediately.

Detailed explanation-4: -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).

There is 1 question to complete.