Using Debit Card to Pay for Groceries: Where Does the Money Come From?
Where does the money come from when you use your debit card to pay for groceries?
Because a checking or a savings account is employed to deduct the payments.
Final Answer:
When you use a debit card to pay for groceries, the money comes from your checking account.
Explanation:
When you use your debit card to pay for your groceries at the checkout counter, the money for this purchase comes from your checking account. A debit card is linked to your checking account, and when you make a purchase, the financial institution immediately deducts the cost from your account. This means that the money is taken directly from the balance in your checking account to cover the purchase.