Answer:
A debit card transaction immediately affects your checking account balance or using it at groceries at the supermarket.
Explanation:
What is debit card?
When a debit card is used, money is deducted immediately from the user's checking account. They are sometimes known as "check cards" or "bank cards," and can be used to purchase products or services, as well as to obtain cash from an automated teller machine or a merchant who will allow you to add an additional amount to a purchase.
Why it is used frequently?
Debit cards automatically withdraw funds from your checking account. You can acquire cash rapidly with debit cards. You can withdraw money from your checking account using your debit card at an automated teller machine, or ATM. When you use a debit card to make a purchase, you can also get cash back.
Benefits of Debit card-
- Debit cards make transactions quick, simple, and convenient.
- Debit cards can be used to withdraw cash. They also serve as ATM cards, allowing you to withdraw cash from a machine.
- It serves as an emergency fund for you.
Learn more about Debit card here-
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