What is the first step to open a savings account at a bank?
Procedural Texts Comprehension Tests for Banking and Accounting

Passage
•
English
•
11th Grade
•
Easy
Prastowo Ismanto
Used 2+ times
FREE Resource
31 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Visit the nearest bank branch office or access the bank's official website.
Fill out the account opening application form.
Prepare important documents.
Deposit initial funds.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which document is NOT mentioned as necessary for opening a savings account?
Driver's License
Personal identification
Taxpayer identification number
Other supporting documents
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What should you do after filling out the account opening application form?
Prepare important documents.
Submit the documents to the bank officer or upload them online.
Deposit initial funds.
Wait for the verification process.
4.
MULTIPLE SELECT QUESTION
1 min • 1 pt
How can you submit the necessary documents for opening a savings account?
By submitting them to the bank officer.
By mailing them to the bank's headquarters.
By faxing them to the bank.
By uploading them online.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why is it important to deposit initial funds when opening a savings account?
To meet the bank's minimum requirements.
To immediately start earning interest.
To activate online banking services.
To receive a welcome gift from the bank.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What happens after the verification process is complete?
You receive a savings book and/or ATM card.
You need to fill out another form.
You must deposit more funds.
You have to visit the bank again.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the purpose of the verification process in opening a savings account?
To ensure all provided information is accurate.
To calculate the interest rate for the account.
To determine the account holder's credit score.
To set up online banking access.
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