Checking Basic Questions

When writing a check out, the money is written numerically and in words.

• true

• false

If you overdraw the amount of money you have in your checking account, you can be charged fees.

• true

• false

What is a typical overdraft fee?

• $5

• $15

• $35

• $75

If you use an ATM outside of your bank, you may be charged a fee for using it.

• true

• false

Mobile alerts can alert you for all of the following EXCEPT:

• low balances

• deposit

• unusual activity

• every time your card is swiped

Credit unions such as PSECU and Members first are...

• for profit

• not for profit

You don't need your social security number to open a checking account.

• true

• false

To protect your checking account during online bank, you should do all of the following EXCEPT:

• create a strong password

• write your password on a post it and carry it along with you

• only connect to secure WIFI networks

• do not share your password

Most banks are secured by FDIC or NCUA so your money is safer from bank failure or theft.

• true

• false

You don't need to check your bank statements, banks rarely make errors.

• true

• false