You are at the checkout counter at the local supermarket and use your debit card to pay for your groceries. Where does the money for this purchase come from?

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Guest

15 July, 10:32

You are at the checkout counter at the local supermarket and use your debit card to pay for your groceries. Where does the money for this purchase come from?

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Answers (1)

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Lisa Summers · Answer 1

It is deducted directly from your checking account.

Explanation:

When using your debit card and you select the credit option it will still be debited from your checking account after a few days.

For example you use visa and process a transaction as a credit transaction, it is processed through visa network. You are authorising a debit to your account and you are not charged interest for the transaction.

The transaction amount is not taken immediately but takes a few days for the card company to remove the money from your account.