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Which of the following is true of debit cards?

A. They are the same as credit cards.

B. They must be connected to a credit card.

C. They draw directly from a checking account.

D. You must have a savings account to get a debit card.

Sagot :

Answer:

D

Explanation:

Tundexiidn

Debit Cards draw directly from a checking account.

Debits cards are cards issued by a bank to an account holder and enables him/her to withdraw money at any period of time.

  • Debit cards are issued in connection with Checking account. That is, an individual must have a checking account before the bank will issues him/her a debit card for performing transactions.

  • There is a difference between checking and savings accounts. Checking accounts are use for accessing one's money for daily use while tee savings accounts are basically used for saving money.

In conclusion, checking account enables bank to issue a debit card to the account holder.

Learn more about Debit card here

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