Question

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

Answer 1

Answer:

direct deposit of a paycheck

EFT from a different bank into the account.

Explanation:

From the options listed the only two transactions that would increase the balance of your checkings account would be

direct deposit of a paycheck

EFT from a different bank into the account.

Direct deposit means that the money gained from working was added automatically to your account and there increases the current balance of the account. EFT is a simple transfer from one bank to another, but since the transfer is coming from a different bank and landing into your account then it is increasing the current balance.