Which statement about debit cards is true?

The statement that debit cards draw funds directly from a checking account is accurate. When a debit card is used to make a purchase, the money is immediately deducted from the linked checking account. This means that users are spending only the funds they have available in their account, which helps to avoid accumulating debt unlike credit cards. Since transactions are directly tied to the bank account, accountability for spending is also more straightforward, as there are no lines of credit involved.

Other options convey incorrect characteristics of debit cards. For instance, debit cards do not accumulate interest because they are not credit products; they merely access available funds. Additionally, while debit cards can lead to overspending if used excessively, this can happen only when tracking of expenses is neglected, making this statement less universally applicable. Lastly, debit cards are versatile and can be used for online purchases as well as at physical stores, which means their usability is not limited to in-person transactions alone.