WorksheetsChecking Accounts Review
Total questions: 18
Worksheet time: 18mins
Money added to a checking account is called a
withdrawal
deposit
endorsement
drawee
People who are unbanked are most likely to...
Use a mobile banking app
Receive a monthly statement of their transactions
Deposit their checks at the ATM
Incur lots of fees at Check Cashers to access their money
Ashley wants to make a purchase using the money in her checking account. What method of payment should she use to access these funds immediately and directly?
credit card
debit card
direct deposit
prepaid card
This type of account is opened by 2 or more people and both people have equal control over the account.
Shared Account
Combined Account
Common Account
Joint Account
This occurs when the amount you withdraw from your account is more than your balance.
Overdraft
Overdue Payment
Stop Payment
Funds Transfer
What is an overdraft?
The customer does not have enough money
The customer have enough money
The customer does not have enough checks
None of the above
Protect your account with a secondary checking account, savings, money market accounts , credit cards or line of credits
Overdraft Coverage
Overdraft Protection
Overdraft Item
Overdraft balance threshold
You can make online ____________ using your banking app.
transportation
transactions
transitions
telecommunication
Which of the following best describes what FDIC Insurance is?
A government backed policy that protects your money if a bank fails
A bank program that protects you from high overdraft fees
Additional accounts offered by banks to save for car and home insurance
Which of the following is an example of online bill pay?
Using a person-to-person app to repay your friend for dinner
Using Apple pay to purchase your groceries at a store
Setting your bank to send your rent to the landlord monthly on the 25th
What are the benefits of online bill pay?
Easier bill pay
24/7 account access
Use of mobile apps to pay bills
All of the above
An (a) is a machine that allows you to withdraw or deposit money into your bank account.
