58.4k views
1 vote
Which one of the following would not cause a bank to debit a depositor's account? a.Checks marked NSF b.Wiring of the depositor's funds to other locations c.Bank service charge d.Interest earned by the account

User Glagolig
by
7.9k points

1 Answer

4 votes

Answer: Interest earned by the account.

Explanation: When a bank debits an account money is been removed from the account. This can either be as a result of: the account owner withdrawing from the account, a cheque paid to another person, bank service charges.

While when a bank credits an account money is added to the account. It can occur as a result of : money paid into an account, bank interest paid on accounts.

Therefore interest earned on an account is credited to the account holder.

User Marc Guillot
by
8.5k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.