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Basics Beginner: Introduction to Debit Cards

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1.
A disadvantage of using a debit card is that you might inadvertently run up a big balance.
Choose wisely. There is only one correct answer.
False. You cant run up a big balance on a debit card.
2.
The safest place to store your debit cards PIN is _______.
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In your mind. Putting it in a physical location can make it vulnerable to theft.
3.
The financial institution that issues your debit card is required to disclose to you all fees that it charges for the use of the card.
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True. By law, it must.
4.
If you opt out of overdraft protection on a debit card, what will happen if you try to make a purchase when there is not enough money in your account to cover it?
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The purchase will be declined. You will not be able to follow through with it.
5.
Which of the following are some fees that debit cards charge?
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All of the above. Fees vary according to the card, and some cards have additional fees.