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WorksheetsFDIC, Opening a Checking Account, & PNC Bank Features
Total questions: 50
Worksheet time: 25mins
If an individual has two retirement accounts, for how much are they insured at an FDIC insured bank?
$200,000
$250,000
$500,000
$150,000
PNC Virtual Wallet Student has no minimum balance requirement or monthly service charge for _______ years.
10
6
5
1
If you are under _______ years old, you need your parent or guardian to open an account at PNC Bank.
16
15
17
18
To earn interest on your Reserve or Growth accounts at PNC you need at least $100 in the account.
True
False
Overdraft protection is free at PNC Bank.
True
False
Overdraft protection will transfer money from your savings to your checking account to cover the overdrawn amount.
True
False
A debit card uses the bank's money, and a credit card uses your money.
True
False
The FDIC & NCUA are federal agencies that insure individual bank accounts up to
$500,000
$100,000
$25,000
$250,000
If Beyonce and Jay-Z own a joint savings account at an FDIC insured bank, how much of their money will be insured?
up to $250,000
up to $100,000
up to $500,000
up to $750,000
What is the annual fee for the credit cards offered at PNC bank?
$25
$0
$30
$10
You earn _______ points for every $1 in purchases when you use the PNC Points VISA Credit Card.
4
10
5
1
Up to how many non-PNC Bank ATM fees will be reimbursed per month with your Student Virtual Wallet account?
0
1
2
3
If you want to access online & mobile banking including mobile apps, you must first enroll in Online Banking through your bank's website.
True
False
An advantage of Online Bill Pay is that you can pay all your bills at your bank's website instead of logging in to multiple websites of your creditors.
True
False
If your PNC account is overdrawn $10, you will be not charged an overdraft fee.
True
False
The money on your Prepaid VISA is the bank's.
True
False
You can set up an Alert to receive your balance everyday.
True
False
Which is not an example of a digital payment option?
PNCPay
ApplePay
PayPal
PayGoogle
PNCPay allows you to enroll your debit and credit cards onto your Smartphone or tablet so you can use these mobile devices to make a payment instead of swiping your card.
True
False
The difference between a prepaid card and a debit card is that the prepaid card is connected to your checking account.
True
False
Before you deposit a check using your phone, you need to endorse it, write for PNC Mobile Deposit only, take a picture of the front of it, and submit it.
True
False
An advantage of using PNCPay is that your actual card numbers are not shared with the merchants where you shop.
True
False
FDIC stands for
Federal Dollar Insurance Corporation
Free Deposit Insurance Checking
Federal Deposit Insurance Company
Federal Deposit Insurance Corporation
NCUA stands for
National Credit Union Administration
National Credit Union Alliance
NOW Credit Union Alliance
National Credit Users Administration
A Stop Payment fee at PNC is
$25
$10
$33
$13
If you overdraw your account at PNC, you will be charged
$0
$44
$36
$25
If you have someone's _________________________________, you can send them money through Zelle.
name & bank account number
e-mail or phone number
name & social security number
license or bank account number
Paying your bills through Online Bill Pay will cost you $5.
True
False
What does APR stand for?
Annual Prime Rate
Absolute Percentage Rate
Annual Percentage Rate
A Perfect Rate
All are advantages of using a prepaid card EXCEPT
has a monthly fee
can use it to pay bills online
can use it like a debit card
cannot be overdrawn
Which of the following is an average interest rate for a credit card?
17%
40%
0%
5%
The FDIC website is
fdinc.gov
fdic.com
fdic.gov
feddins.gov
What is the minimum deposit to open a Virtual Wallet Student account either in person or online?
$50
$25
$5
$0
If you deposit a bad check from someone into your PNC account, you will be charged $15.
True
False
You will need a government issued photo ID to apply for a PNC account.
True
False
You can set up automatic savings to move money to your Growth account from your Spend account on a regular basis.
True
False
You can earn cash back when you use your PNC Bank Visa Debit Card at merchants you selected.
True
False
You will earn 3% on restaurant purchases including fast food when you use your PNC Cash Rewards Visa Credit Card.
True
False
The Annual Percentage Rate (APR) for the PNC Cash Rewards Visa Credit Card is
9.99%-19.99%
11.99%-21.99%
12.99%-22.99%
The PNC Core Visa Credit Card has an Introductory Offer of 0% APR on purchases for the first 15 billing cycles.
True
False
After the Introductory Offer expires for the PNC Core Visa Credit Card, the APR becomes
9.99%-19.99%
11.99%-21.99%
12.99%-22.99%
The APR for a cash advance is higher than for purchases using your PNC credit card.
True
False
You can avoid paying interest on any credit card by paying the balance off every month.
True
False
The person you are sending money to through Zelle has to have an account at the same bank you do.
True
False
If a person doesn't respond to your Zelle payment or request after _______ days, the payment or request will be cancelled.
10
7
14
21
When you use PNC Pay, you need to hold your mobile device next to the
card reader
wireless symbol
contactless payment symbol
screen that shows your transactions and amount due
If you misplace your debit or credit card temporarily, you should report it lost or stolen immediately.
True
False
FDIC & NCUA financial institutions insure their account holders' money up to _________________ per account holder, per ownership category, per bank.
$500,000
$250,000
$50,000
$750,000
You must have __________ in monthly direct deposits or as a monthly balance in Spend + Reserve to waive the monthly service charge in your Virtual Wallet account.
$1,000+
$250+
$500+
$100+
To access money from a PNC ATM without your debit card, you need
an 8 digit access code and your 4 digit pin number
your 4 digit pin number and your account number
your 4 digit pin number
your 8 digit access code and your account number
