Responses
They usually charge a lower interest rate than credit cards.
They usually charge a lower interest rate than credit cards.
You can run up huge debts if you don’t pay the balance off quickly.
You can run up huge debts if you don’t pay the balance off quickly.
They are issued by networks such as Visa.
They are issued by networks such as Visa.
When you use one, the money is taken directly from your bank account.
When you use one, the money is taken directly from your bank account.
1 answer
The statement that is true about debit cards is:
When you use one, the money is taken directly from your bank account.
This accurately describes how debit cards function, as they withdraw funds directly from your checking account when you make a purchase. The other statements provided are not accurate in relation to debit cards.
