Question

You are at the checkout counter at the local supermarket, use your debit card to pay for your groceries, and select "debit" when the cashier asks "Debit or credit?" Where does the money for this purchase come from?

Answer 1

The money for the transaction comes immediately from your checking account when you choose "debit" at the checkout line and use your debit card to pay for your groceries. Your bank account and the debit card are connected, so whenever you make a transaction, money is promptly taken out of your account and sent to the merchant's account. Using a credit card, in contrast, requires you to borrow money from a lender and then pay it back with interest.

Answer 2

the Money comes from my savings account (Bank account)

Step-by-step explanation:

the debit means that the money that we use is ours.

the credit means that the money is lent to us by the bank which we have gotten the card from. Choosing debit means that the money being spent comes from our own bank account.