W!SE Banking

Which of the following services will you NOT be able to access while banking online?

• Withdraw cash

• Transfer funds

• Deposit checks

• Order checks

The law that allows for electronic images of checks to be transmitted for processing in place of paper checks is

• Check 21

• Truth in Lending Law

• Murphy's Law

• Equal Opportunity Banking Law

What is the difference in a bank and a credit union?

• Credit unions are member owned.

• Banks are non-profit

• Credit unions are for profit

• Banks deal with less cash than credit unions.

How does an outstanding check affect your bank balance?

• It hasn't been cleared by the bank, so you will have more money showing than you actually have.

• It has no affect.

• You will less money in your account.

• You will be charged an outstanding check fee.

What should you include when you are writing a check?

• Date, Payee, Amount, and Signature

• Amount, Payee, Signature, check number

• Endorsement, Amount, Signature

• Date, Amount, Signature

What is an ATM used for?

• Withdraw money

• Balance your checkbook

• Order checks

• Write checks

Who insures bank deposits?

• Federal Deposit Insurance Corporation (FDIC)

• National Credit Union Administration (NCUA)

• Federal Reserve

• U.S. Treasury Department

Who insures credit union deposits?

• Federal Deposit Insurance Corporation (FDIC)

• National Credit Union Administration (NCUA)

• Federal Reserve

• U.S. Treasury

What is obtaining cash from an ATM similar to?

• Writing a check

• Using credit

• Shopping online

• Online banking

The central banking system in the United States.

• Federal Reserve

• The U.S. Treasury

• The Mint

• First National Bank of the U.S.