Which card is primarily used by consumers at ATMs for cash withdrawal?

Which card is primarily used by consumers at ATMs for cash withdrawal?

• A. Credit cards
• B. Debit cards
• C. Store cards
• D. Charge cards

Answer: (B)

Debit cards are primarily used by consumers at ATMs for cash withdrawal because they are directly linked to a checking or savings account. When a consumer uses a debit card at an ATM, the funds are immediately withdrawn from their account, allowing for quick and convenient access to cash. This feature makes debit cards the most suitable option for ATM transactions. The other choices serve different purposes. Credit cards allow users to borrow funds up to a certain limit for purchases and typically don't provide immediate access to cash from bank accounts in the same way. Store cards are usually restricted to use at specific retailers and do not typically provide direct access to cash at ATMs. Charge cards, while similar to credit cards, require the balance to be paid off in full each month and usually do not offer cash withdrawal features at ATMs.

Debit cards are primarily used by consumers at ATMs for cash withdrawal because they are directly linked to a checking or savings account. When a consumer uses a debit card at an ATM, the funds are immediately withdrawn from their account, allowing for quick and convenient access to cash. This feature makes debit cards the most suitable option for ATM transactions.

The other choices serve different purposes. Credit cards allow users to borrow funds up to a certain limit for purchases and typically don't provide immediate access to cash from bank accounts in the same way. Store cards are usually restricted to use at specific retailers and do not typically provide direct access to cash at ATMs. Charge cards, while similar to credit cards, require the balance to be paid off in full each month and usually do not offer cash withdrawal features at ATMs.