Which transactions can increase the balance in a checking account? Check all that apply. direct deposit of a paycheck debit of $10 ATM withdrawal of $40 EFT from a different bank into the account monthly bank fee of $5

Question

Advanced Placement (AP)

Robin

18 May, 18:18

Which transactions can increase the balance in a checking account? Check all that apply. direct deposit of a paycheck debit of $10 ATM withdrawal of $40 EFT from a different bank into the account monthly bank fee of $5

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Blaze · Answer 1

direct deposit of a paycheck

EFT from a different bank into the account

Direct deposit of a paycheck and EFT from a different bank into the account are the action that an increase the balance in a checking account, as they require a deposit. The other activities are actions that cause a decrease in the checking account, as they are all activities that subtract something from the account.