Question

When using a debit card: A:There are always fees. B:Identification is always required. C:You still need to record transactions in your checkbook. D:You are not personally liable for more than $50 if it is stolen.

Please answer ASAP :)

Answer 1

B

Explanation:

When you get a Debit card, you also get a PIN and everytime you make a purchase, you have to use that PIN. C is wrong because Debit is an electronic form of payment and transactions can be viewed online. A is wrong because there aren't always fees. D is wrong because unless you call the bank provider, you will be held liable for every purchase you make.

Answer 2

D.

Explanation:

Since this isn't a credit card, there are no interests or fees on a debit card, so A is incorrect. B is also incorrect. You only need identification when you are withdrawing or depositing at a bank, but purchases made in stores or online do not need your identification. You also don't need to record transactions in your checkbook (but it is recommend to keep track of purchases). Modern day technology already records transaction history and all you need to do is access it online.

D is correct because if someone steals your PIN for your debit card, they could go to stores and use that money. You can dispute charges and report to the bank if that happens.