Final answer:
No, two forms of ID are not required for all debit transactions. A single form of ID may be requested for non-PIN transactions, while a PIN is usually sufficient for most in-person purchases.
Step-by-step explanation:
False. Typically, only a single form of identification may be requested when conducting debit transactions, particularly if the transaction involves PIN entry. The requirement for identification varies depending on the merchant and the nature of the transaction. For most point-of-sale transactions, entering your Personal Identification Number (PIN) is usually considered sufficient authentication. However, if the debit card is being used for a transaction that does not involve a PIN, such as when processed as a credit transaction, merchants may then request an additional form of identification to verify the cardholder’s identity.
Banks and merchants have varying policies, but generally, two forms of ID are not a standard requirement for all debit transactions. It is more common to provide two forms of ID in situations that carry higher risk or where the cardholder is not physically present, such as online or over-the-phone transactions.