Quiz Online Banking

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.

• pay for services that would be free if they had a checking account.

Taking more money out of your account than is available​ is called?

• Overdraft

• Debit Card Payment

• Withdrawal

• ATM Withdrawal

A P2P payment is . . .

• a check from grandma for your birthday.

• a transfer between two individuals.

• a way to pay with a check in a store.

• People 2 People.

One way to deposit a check to my account is . . .

• writing a check.

• using my check card to purchase at a store.

• using the mobile app to take a picture of the front and back of a check.

• withdrawing cash at a teller.

I deposited a paycheck from my first job today, when can I take out the funds?

• Right away.

• Next business day.

• Could be from 1-7 business days depending on the bank's schedule.

• 30 days.

Pertaining to checking alerts, all of the below are helpful except:

• Setting them up at account opening.

• Ignoring them.

• Making the thresholds realistic.

• Setting up alerts for low balance, direct deposit, and fraud activity.

Which of the following is not an example of online bill pay?

• Giving your friend 20 dollars in cash for their birthday.

• Setting up an automatic transfer for your rent to your landlord.

• Going to your account on the electric company's website and using your banking information to pay directly online.

• Having your car payment taken out automatically from your checking account each month.

What is direct deposit?

• Your employer has your banking information and sends your paycheck directly to your bank account.

• When you take your check to the bank and deposit it into your account.

• When you go to a check cashing location to get your money.

• When your employer hands you cash for your hours at the end of the week.

Which of the following is not an advantage of direct deposit?

• It makes it easier to have cash on you.

• Your bank may waive the monthly maintenance fee.

• It saves you time by not having to go to the bank.

• Your money is in your account more quickly when you have it directly deposited.

What is the difference between a one-time payment and a recurring payment?

• A one-time payment happens once while a recurring payment happens regularly, usually monthly.

• A one-time payment is a big amount of money while a recurring payment is a smaller payment.

• A one-time payment has a larger fee to complete while a recurring payment is often free.

• A one-time payment can only be used in special circumstances.