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24 June, 19:38

Which one of the following would not cause a bank to debit a depositor's account? a. Checks marked NSF b. Wiring of the depositor's funds to other locations c. Bank service charge d. Interest earned by the account

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  1. 24 June, 21:51
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    Answer: Interest earned by the account.

    Explanation: When a bank debits an account money is been removed from the account. This can either be as a result of: the account owner withdrawing from the account, a cheque paid to another person, bank service charges.

    While when a bank credits an account money is added to the account. It can occur as a result of : money paid into an account, bank interest paid on accounts.

    Therefore interest earned on an account is credited to the account holder.
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Home » Business » Which one of the following would not cause a bank to debit a depositor's account? a. Checks marked NSF b. Wiring of the depositor's funds to other locations c. Bank service charge d. Interest earned by the account
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