ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Credit
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Debit
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Both
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None of the above
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Detailed explanation-1: -A personal identification number (PIN) is a numerical code used for electronic financial transactions such as debit card purchases and ATM withdrawals. Using a PIN provides extra security for authentication. PINs should be unique and not shared with others. Institutions may provide the PIN or require you to make one.
Detailed explanation-2: -All debit cards come with a PIN, but the PIN is not required in every situation. When you put a debit card into an ATM, you cannot withdraw money, check your account balance, or do anything else without entering the PIN associated with the card.
Detailed explanation-3: -PIN numbers are not required to use your debit card. Purchases made using a PIN could be denied if the merchant decides not to allow healthcare purchases on the PIN network. PIN numbers cannot be changed. If you enter the wrong PIN more than three times, the card is locked. 13-Jul-2020
Detailed explanation-4: -Open the sealed envelope containing your 4-digit PIN provided by the bank. Insert your debit card into the ATM. Enter your debit card number and ATM PIN. You will then be prompted to create a new ATM PIN. Enter your new ATM PIN. 26-Dec-2022