ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Most debit cards also can be used to withdraw cash at ATMs (automated teller machines).
Detailed explanation-2: -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.
Detailed explanation-3: -Your bank might charge additional fees for using non-bank owned or affiliated ATMs. 1 To dodge these fees, use an ATM that is part of your bank’s network. 2. Finish the transaction: Be sure you have your card in your possession before you walk or drive away from the ATM.
Detailed explanation-4: -Cardless ATMs-or contactless ATMs-allow you to access your account and withdraw money without a physical card. To use the cardless option at the ATM, you’ll typically need your financial institution’s app or your card information stored in your digital wallet.