Idea 2of 23Builds onWho pays whom
Debit takes it from the account
Where does the money go when you pay by debit card?
Today you'll discover
- what a debit card does
- how to find the balance after paying
- why tapping a phone is the same
Think firstAva pays $35 by debit card
Ava has $120 in her account and pays $35 by debit card. What is left?
Decide first, then press Next. Watch the amount in the left box change.
Two boxes: Ava's bank account with $120.00 and a grocery store. An arrow labelled debit card carries $35.00 from the account to the store. After, the account shows $85.00 and the store has received $35.00, with the working $120.00 − $35.00 = $85.00. Then Jordan's account, linked to his phone, goes from $64.50 to $51.75 after a $12.75 tap. The last step asks about Kim's $250 and a $46.75 payment.
See the whole ideathe big idea and the key word, in one place
The big idea
A debit card takes money straight from your bank account, so your balance goes down right away.
Easy to get wrongA debit card is not borrowing. It spends only money already in your account; borrowing is what a credit card does.
Automatic paymentsA phone bill can be paid automatically: the same amount leaves the account on the same day each month, with no card at all.
Key words
- debit card
- a card that pays with money taken straight from your own bank account
- balance
- how much money is in an account right now
Ready to use it?
- Find a balance after a debit payment.
- Subtract dollars and cents with regrouping.