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Online Banking and Checking Accounts Quiz Part 1

Total questions: 27

Worksheet time: 14mins

Name
Class
Date
1.

Automatic teller machine, a bank machine that gives out cash from your account and accepts deposits around the clock.

a)

ATM

b)

Balancing (a checkbook)

c)

Bank

d)

Bank Statement

2.

A periodic (usually monthly) check that your account balance and statements accurately reflect the actual deposits made to the account and the checks written against.

a)

ATM

b)

Balancing (a checkbook)

c)

Bank

d)

Bank Statement

3.

Financial institution at which you can get a checking account or savings account.

a)

ATM

b)

Balancing (a checkbook)

c)

Bank

d)

Bank Statement

4.

Monthly document from your bank that shows all transactions in your account.

a)

ATM

b)

Balancing (a checkbook)

c)

Bank

d)

Bank Statement

5.

Writing a check for more money than a bank account contains.

a)

Bouncing (a check)

b)

Check

c)

Check register

d)

Credit union

6.

A debit against your checking account written on paper form.

a)

Bouncing (a check)

b)

Check

c)

Check register

d)

Credit union

7.

The book in which you keep records of checks, deposits, debit card transactions, and ATM withdrawals.

a)

Bouncing (a check)

b)

Check

c)

Check register

d)

Credit union

8.

A credit union is a member-owned financial institution that offers many of the same services as a bank.

a)

Bouncing (a check)

b)

Check

c)

Check register

d)

Credit union

9.

Like a credit card, but directly attached to a checking account; a _____ ____ can be used to pay for items at a store.

a)

Debit card

b)

Direct deposit

c)

Fees

d)

Interest-bearing checking account

e)

Overdrafts

10.

An automatic deposit of a paycheck without having to take a physical check to the bank.

a)

Debit card

b)

Direct deposit

c)

Fees

d)

Interest-bearing checking account

e)

Overdrafts

11.

Service fees for use of the checking account, built into the service agreement.

a)

Debit card

b)

Direct deposit

c)

Fees

d)

Interest-bearing checking account

e)

Overdrafts

12.

A checking account that pays interest on the balance.

a)

Debit card

b)

Direct deposit

c)

Fees

d)

Interest-bearing checking account

e)

Overdrafts

13.

Amounts withdrawn from your account beyond the money the account holds.

a)

Debit card

b)

Direct deposit

c)

Fees

d)

Interest-bearing checking account

e)

Overdrafts

14.

A savings account is to save money and grow interest.

a)

True

b)

False

15.

A way of growing your money.

a)

Interest

b)

Credit

c)

Deposit

d)

Withdrawal

16.

Getting a loan.

a)

Interest

b)

Credit

c)

Deposit

d)

Withdrawal

17.

Putting money into an account.

a)

Interest

b)

Credit

c)

Deposit

d)

Withdrawal

18.

Taking money out of an account.

a)

Interest

b)

Credit

c)

Deposit

d)

Withdrawal

19.

Where one or more people have their names on the account.

a)

Joint banking account

b)

Clear

c)

Minimum balance

d)

Void

20.

When the bank has to make sure that the check has enough money within the checking account.

a)

Joint banking account

b)

Clear

c)

Minimum balance

d)

Void

21.

The minimum amount of money that you must have in your checking account.

a)

Joint banking account

b)

Clear

c)

Minimum balance

d)

Void

22.

If you make a mistake on the check you must write this and don't throw the check out.

a)

Joint banking account

b)

Clear

c)

Minimum balance

d)

Void

23.

What can we go to the bank for?

a)

A savings account

b)

Credit

c)

Checking accounts

d)

Overdraft payments

24.

Why can a person have all three of these: a savings account, credit, and a checking account.

a)

Because they are all different.

b)

Because they are all the same.

c)

Because they all require the same type of check.

d)

Because they all can be used with an ATM.

25.

What is needed to open a checking account?

a)

A social security account

b)

Money to deposit

c)

Be at least 18 years old

d)

A check register

e)

An ATM account

26.

You cannot use your debit card to withdraw money from your checking account.

a)

True

b)

False

27.

Options for banking accounts:

a)

Interest-bearing account

b)

No minimum requirement

c)

Free checks

d)

Vanity checks (have pictures on them)