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Total questions: 13
Worksheet time: 13mins
Which of the following is TRUE about checks?
The amount of money is written both numerically and in words and You should endorse the back by signing it when depositing a check.
They make you happy and secure
Checks should show up on your statement within 100 days
Which of the following fee(s) may banks charge you?
Online Statement Fee
Over-drafting you account
In-Network ATM Fee
Mobile or email alerts for your checking account can notify you of...click all that apply
Low balances
Unusual activity
Deposits
Your home getting broken in to
Which of the following is TRUE about banks?
Banks protect & grow your money
Banks are fun and cool
Banks like to steal your money.
Banks can sell your information
Your friend wants to open up a checking account. Which of the following items is NOT necessary to do so?
His (or his parents') previous year's tax return
Proof of address
Identification
A checking account is best used for...select all that apply
Placing money you earn
Storing money to spend
losing your money
Which of the following is TRUE about Student Checking accounts?
There are no minimum balance requirements
They all expire only when you turn 24 years old
Some have monthly fees
Which of the following is TRUE about check registers?
(you can pick more than one)
It can help you identify mistakes in your bank statement
It can help you avoid writing checks that cause an overdraft
You know exactly how much money you have left to spend
They don't really help
How can you protect your checking account when using online and mobile banking?
Use a strong password
Sharing your pin # with only 1 person in case you forget it
Opt-out of alerts to notify you of unusual activity
Why is understanding a bank's fees particularly important for students or young adults?
With less banking experience they may incur fees unknowingly
They may have high balances in their account and are therefore likely to overdraft easily
Banking is like insurance; being younger means higher fees
What is the benefit of direct deposit?
Any overdraft fees are waived
You don't have to spend time and energy depositing a check
You get a tax benefit from the Federal government
Mobile or email alerts for your checking account can notify you of... check all that apply
Low balances
Unusual activity
Deposits
Credit Card transactions
