Personal Banking Quiz 2B

Checking accounts allow users to withdrawal/deposit money through

• checks-atm-electronic debits

• atm-electronic debits

• checks-electronic debits

A deposit is when

• money is removed from an account

• money is added into an account

A disadvantage to checking accounts is having withdrawal limits

• true

• false

Overdraft fees are only charged once

• true

• false

You can set up bill pay online through the bank

• true

• false

Direct deposit is where you go to the bank and deposit a check

• true

• false

What will you receive when you open a new checking account?

• checks, debit card, check registers

• debit card

• checks and debit card

Debit cards are tied directly to your

• checking account

• savings account

Debit cards can be used as credit when purchasing at a store

• true

• false

Where can you store valuables at a bank?

• safe deposit box

• vault

• you cant store valuables at a bank