Checking Finale

People who don't belong to a bank are most likely to...

• Use a mobile banking app

• Receive a monthly statement of their transactions

• Deposit their checks at the ATM

• Incur lots of fees at Check Cashers to access their money

How can you protect your checking account when using online and mobile banking? (hint: choose 2 correct answers)

• Use a strong password

• Sharing your pin # with only 1 person in case you forget it

• Connect to a secure WiFi network

• Opt-out of alerts to notify you of unusual activity

True or False: a typical overdraft fee is about $35.

• True

• False

• I don't speak English.

Which of the following is TRUE about check registers? (hint: pick three answers)

• It can help you identify mistakes in your bank statement

• It can help you avoid writing checks that cause an overdraft

• You can submit them to the bank and verify each transaction

• You know exactly how much money you have left to spend

Which of the following is TRUE about Student Checking accounts?

• There are no minimum balance requirements
• They all expire only when you turn 24 years old
• They are offered only by 3 U.S. banks
• Some have monthly fees

A checking account is best used for...(hint: choose 2 correct answers)

• Saving money

• Storing money to spend

• Investing money

• Placing money you earn

Which of the following are common ways most people are using P2P (like Venmo or Zelle)? (hint: pick three answers)

• To pay rent

• To pay off their credit cards

• To pay back friends

• To buy gifts

Which of the following will DEFINITELY show up on your bank statement at the end of July? (hint: choose 2 correct answers)

• Ice cream bought with your debit card on July 16th

• A salad bought with cash on July 5th

• A birthday check you gave to your brother on July 18th

• An ATM withdrawal you made on July 21st

Tags

CCSS.7.NS.A.1C

Your friend wants to open up a checking account. Which of the following items does he need? (hint pick three answers)

• His (or his parents') previous year's tax return

• Proof of address

• Identification

• Opening Deposit

What is the benefit of direct deposit?

• Any overdraft fees are waived
• You don't have to spend time and energy depositing a check
• The funds from your paycheck are usually available between 3-5 business days
• You get a tax benefit from the Federal government