How Checking Works

​How do people pay for stuff?

Multiple Select

Which 3 payment methods are the most common?

• Credit

• Check

• Other

• Debit

• Cash

Multiple Choice

What total percentage of purchases were paid for with either a credit card, debit card, or cash?

• 59%

• 93%

• 61%

• 66%

Open Ended

Make a prediction - how do you think popular payment methods might change over time?

Multiple Choice

How frequently does John typically receive account statements from his bank?

• Daily

• Weekly

• Monthly

• Annually

Multiple Choice

How much did John Jones have in his account on the first day of the statement period?

• -$72.47

• $0.55

• $694.81

• $1,442.61

Multiple Choice

John has two ATM transactions but only one of them has a fee (Interac). Why?

• Interac is an out of network ATM and First Bank charges customers if they use out of network ATMS

• First Bank charges customers for using their ATM

• Banks charge fees if you take out less than $100 at an ATM machine

• The first ATM transaction is free but all additional ATM transactions have a fee

Multiple Choice

1. Most employers will pay their employees by directly depositing their paycheck into their checking account. According to his checking account statement, John was paid ________________ every __________ .

• $200.00, 3 weeks

• $694.81, 2 weeks

• $300.00, 1 month

• $100.00, 2 weeks

Multiple Choice

Which transaction caused John to overdraw his account?

• The Online Bill Payment for $146.67

• Check No. 409 for $100

• Check No. 410 for $710.49

• The Overdraft Fee of $35