Bank Account Setup Quiz

What is an important step before setting up a bank account?

• Choosing a bank

• Getting everything in order

• Depositing money

• Applying for a loan

What is definitely needed to open a bank account?

• A credit card

• Several forms of identification

• A reference letter

• A utility bill

In the digital age, do you need to go to the bank to open an account?

• Yes, always

• No, never

• Not necessarily

• Only for savings accounts

What is one of the easiest ways for a bank to verify your identity when opening an account?

• Social media profile

• Government-issued ID

• Utility bill

• Library card

Which of the following is NOT typically required to open a bank account?

• Proof of address

• Money

• Social media handle

• Additional personal info

Why do banks require documentation when opening an account?

• To increase paperwork

• To protect against identity theft

• To charge extra fees

• To advertise their services

What might you need to provide if someone else’s name is on the bank account?

• Their favorite color

• Their power of attorney

• Their social media password

• Their school ID

What type of documentation is usually required to open a bank account for a minor?

• Passport

• Birth certificate or Social Security card

• Driver's license

• School ID

What is a common use of a customer's address by banks?

• To send promotional offers

• To verify identity and contact the customer

• To determine credit score

• To calculate interest rates

What might a bank require if additional proof of address is needed?

• Junk mail

• A lease or utility bill

• A handwritten note

• A business card