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Basics Beginner: Introduction to Debit Cards

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1.
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.
2.
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.
3.
What is the interest rate on purchases made with debit cards?
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0%. Debit cards do not charge interest rates on purchases.
4.
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.
5.
When you use a debit card, funds are _______.
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Taken out of an account of yours. In accounting talk, those funds are debited.