The essential checking account

1. Which of the following is NOT a method of depositing money into a checking account?

• 1. Through an ATM

• 1. Direct deposit from your employer

• 1. Sending your money to the branch through the mail

• 1. Mobile app deposit

  
  

2. Which of the following best describes what FDIC Insurance is?

• 1. A government backed policy that protects your money if a bank fails

• 1. A bank program that protects you from high overdraft fees

• 1. Additional accounts offered by banks to save for car and home insurance

• 1. A budgeting program offered by banks to help you save for the future

  
  

3. Which of the following is a similarity between debit cards and prepaid cards?

• 1. Both are linked to a bank

• 1. Both are limited by the amount of money that you currently have

• 1. Both require a credit check to use

• 1. Both require a fee to put money into the account

Which of the following is a P2P Payment?

• Cash App

• Venmo

• Paypal

• All of the above

What does it mean to deposit money ?

• Put money in the bank

• Take out money from bank

What does it mean to withdraw money?

• Take out money from bank.

• Put money in the bank.