Which of the following most accurately describes when a debit card transaction takes effect? a. The transaction is completed almost immediately after making the purchase. b. The transaction takes two to three business days to clear. c. All debit card transactions are processed simultaneously at the end of the day. d. Debit card transactions are completed when you pay your monthly debit card bill.
Accepted Solution
A:
The sentence on letter A most accurately describes when a debit card transaction takes effect. >The transaction is completed almost immediately after making the purchase.
>A debit card is a plastic payment card that provides cardholders electronic access to their bank account(s) at a financial institution. Some cards may bear a stored value with which a payment is made, while most relay a message to the cardholder's bank to withdraw funds from a payer's designated bank account.