2nd Nine Weeks CBA Review

People who are unbanked 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

You can access the money in your checking account by...

• Using the cash grandma gave you to pay at the grocery store
• Paying bills with a pre-paid debit card
• Transferring money though your online account
• Using your credit card to Venmo a friend

Overdraft protection...

• is a service offered only for premium checking accounts.

• brings in a few hundred dollars each year to banks.

• is a fee-free service that prevents you from overdrawing.

• can keep you from overdrawing but charges a fee.

Which of the following fee(s) may banks charge you?

• Online Statement Fee
• Monthly Maintenance Fee
• In-Network ATM Fee
• Sufficient Funds Fee

Mobile or email alerts for your checking account can notify you of...(hint: choose 3 correct answers)

• Low balances

• Unusual activity

• Deposits

• Credit Card transactions

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

What feature is LEAST important for a college student to look for in a checking account?

• Low minimum balance requirement
• Interest rate
• Fees
• ATM availability

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

You have $30 in your acct. How can a bank reorder 4 checks written today to MAXIMIZE your fees?

• $7.50 check, $15 check, $5 check, $35 check
• $35 check, $7.50 check, $5 check, $15 check
• $15 check, $5 check, $35 check, $7.50 check
• $5 check, $7.50 check, $35 check, $15 check

How is wealth defined?

• How much money you have in your Checking and Saving accounts
• Debts - Assets
• All assets, including money in the bank + retirment
• Assets - Debts