Methods of payment and savings

When buying goods on a bank debit card:

• Goods are paid for by the bank and the customer pays for them at a later date

• Payment for the goods is taken directly from the customer’s bank account electronically

• Goods are the property of the bank until the customer has made the final payment for them

Which of the following dispenses money when you use an authorised card?

• ATM

• PPP

• ERT

Which of the following accounts has a cheque book?

• Current Account

• Deposit Account

A PIN number is used to?

• An email account

• Access a bank account

• Register for social welfare payments

Goods purchased on 'hire purchase' are

• The property of the customer from the first payment

• Not given to the customer until the final payment

• Not the property of the customer until the final payment is made

In order to become a member of a credit untion a person must?

• be over 18

• share a common bond with all other members

• be nominated by a member

People who have an account in the credit union are called?

• Depositers

• Shareholders

• Members

The spending limit for contactless payments is

• €15

• €30

• €50