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. Please select the best answer from the choices provided A B C D

Question

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. Please select the best answer from the choices provided A B C D

Answer 1

a. The transaction is completed almost immediately after making the purchase.

Answer 2

Debit card transactions typically deduct the amount directly from the customer's bank account immediately after the purchase is made. This is in contrast to credit card transactions, which may take a few days to process and appear on the statement.

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