BANKING GENERAL KNOWLEDGE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$273
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$333
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$83
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$300, because banks don’t process any same-day transactions
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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).