W4F-Checking Agreement & Checking Account Statement

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

• Daily

• Weekly

• Monthly

• Annually

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

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

Which statement is true regarding Check No. - 409?

• This check likely came from John’s employer.

• This check was written by John and paid to another person or business.

• This check caused John to overdraw his checking account.

• This check added $100 to John’s account.

Which 3 types of fees was John charged for on his checking account during this statement period?

• Online Transfer Fee, Overdraft Fee, Per Check Fee

• Per Check Fee, ATM Fee, Overdraft Fee, Maintenance Fee

• Online Transfer Fee, ATM Fee, Maintenance Fee

• ATM Fee, Overdraft Fee, Maintenance Fee

What is the RESULT of the Online Funds Transfer - From Savings that appears on John's statement?

• John's Savings account balance decreased by $50 and his Checking account balance increased by $50

• John's Savings account balance increased by $50 and his Checking account balance decreased by $50

• John's Savings account balance had no change and his Checking account balance decreased by $50

• John's Savings account balance increased by $50 and his Checking account balance had no change

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

What was the result of John overdrawing his checking account?

• John’s payment was greater than the balance he had available in his account so the bank will deposit $237.81 into John’s account so he can pay his bills.

• John’s payment was greater than the balance he had available in his account so he was charged a $35 fee.

• John’s payment was greater than the balance he had available in his account so he was charged a $5 monthly maintenance fee.

• John’s payment was greater than the balance he had available in his account so the bank will transfer $35 from a linked account.

A Student Checking account would be classified as what type of account according to the Agreement?

• Basic

• Special

• Premium

• Premier

Which of the following is TRUE about a TCF Free Student Checking Account?

• The minimum deposit to open the account is $25

• The monthly maintenance fee is $15 per month

• The account earns interest, which makes this a good savings account too.

• There is a $3 withdrawal fee for using an ATM in the TCF ATM Network.