Second Semester Midterm 2025

ATM fee

Overdraft fee

Account opening fee

Insufficient funds fee

You can only cash checks worth more than $500 at a check casher

You pay a higher fee to cash checks at a check casher than at a bank

You wait longer to get your money at a check casher than at a bank

You can cash fewer checks at a check casher than at a bank

Wait for the bank to contact her, so she has the complete fraud report before responding

Review her receipts and the details of the transaction, so she can confirm if the charge is real

Contact the bank immediately, so they can investigate the charge

Set up text alerts, so she will be notified of potentially fraudulent charges in the future

ATM fee - $35

Overdraft fee - $35

Overdraft fee - $50

Monthly maintenance fee - $50

A checking account won't grow your money much because of low interest rates and fees

A checking account is the best place to leave your money because of the high interest rates

A checking account won't be good because it will be difficult to get your money into and out of

A checking account isn't very safe, so you should hide your money in your mattress instead

Unusual activity alert

Low balance alert

Debit card alert

Profile change alert

Withdrawing cash using an ATM

Having your paycheck deposited electronically

Using your credit card to get cashback at a supermarket

Depositing a check at a bank branch

Banks require that you have a large account balance in order to use bill pay

Online bill pay can help you meet your payment deadline

You can pay electronically or still have a paper check sent instead

It takes a bit of time to set up initially, but it could save you time in the long run

Make sure you carry a written password as a backup

Keep your browser and computer or mobile device up to date

Use strong passwords and different ones for each account

Don’t use any part of your Social Security number as a password

To use a person-to-person payment, both people must have a checking account at the same bank branch

Paying a cashier using your debit card is an example of a person-to-person payment because you're both physically in the same location

Each transaction with a person-to-person payment app typically has large fees attached, so you should use them sparingly

Person-to-person payments are usually conducted using a smartphone app rather than a computer