Benefits of Using Debit Cards

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Match the following payment methods with their popularity in the U.S. in 2022:

Debit cards = 29% of payments Credit cards = 31% of payments Cash = Less popular than debit cards Checks = Not as popular as credit cards

Match the following statements with the correct description of how a debit card works:

Funding a debit card = Making deposits into a linked account Withdrawal limit = Only allows purchases up to available account balance Networks used = Primarily Visa and Mastercard International usage = Accepted by merchants worldwide

Match the following terms with their association to debit cards:

Overdraft fees = Possible if account balance is exceeded Direct deposit = Method of funding a debit card ATM deposits = Way to make cash deposits into linked account Merchant acceptance = Acceptance by Visa and Mastercard merchants

Match the following benefits with their association to debit cards:

Financial independence = Getting a debit card as a teenager Spending control = Limited to available account balance Global usability = Accepted worldwide by specific networks Convenience = Making deposits through various methods Signup and view all the answers

Match the following card types with their funding source:

Debit card = Linked checking or savings account Credit card = Short-term loan until statement due Prepaid card = Loaded with specific amount by user Gift card = Specific amount purchased for gifting purposes Signup and view all the answers

Match the following benefits with the appropriate card type:

Convenience and security = Debit card Can help you learn money management = Debit card Avoid hefty interest charges = Debit card Secure non-cash payment option = Prepaid card Signup and view all the answers

Match the following downsides with the appropriate card type:

Won't help you build credit = Debit card May not need a bank account to use = Prepaid card Potential account fees associated = Debit card More closely resemble gift cards = Prepaid card Signup and view all the answers

Match the following suitable users with the recommended card type:

People looking to avoid traditional credit cards = Debit card Parents wanting to give kids money to manage = Debit card Households without access to a bank account = Prepaid card Individuals who need to withdraw money frequently = Debit card Signup and view all the answers

Match the following features with the correct description:

Draw from available funds and help stay within budget = Both debit and prepaid cards Linked to money already in your account = Debit card Don't require showing a history of owing money = Prepaid card Can't spend more than you have in your account = Debit card Signup and view all the answers

Match the following implications with the correct consequence:

Could decline to open an account due to banking history = Debit card Associated with fees linked to checking or savings account = Debit card Can avoid ATM fees when used at in-network ATMs = Debit card Secure non-cash payment option for households without bank accounts = Prepaid card Signup and view all the answers