How does a debit card work?
A: Credit is provided for purchases
B: Payment records are sent to the bank
C: Money becomes available after the bank approves the purchase
D: Funds are taken electronically from a person's checking account
D: Funds are taken electronically from a person's checking account
When a debit card is used for a purchase, the funds are immediately deducted from the user's checking account. The transaction is processed electronically, often requiring the user to enter a PIN number or sign for verification. The user can only spend up to the amount of funds available in their checking account.