WorksheetsBanking Fees Quiz
Total questions: 9
Worksheet time: 5mins
Which of the following is a type of banking fee?
Salary
Interest
Overdraft
Savings
What is an overdraft fee?
A fee charged for withdrawing money from a savings account
A fee charged for depositing money into a checking account
A fee charged for using more money than is available in a checking account
A fee charged for transferring money between accounts
What is a monthly maintenance fee?
A fee charged for closing a bank account
A fee charged for keeping a bank account open
A fee charged for transferring money to another bank
A fee charged for depositing a check
What is an account balance fee?
A fee charged for withdrawing money from a checking account
A fee charged for having a low account balance
A fee charged for depositing money into a savings account
A fee charged for transferring money between accounts
What is an ATM withdrawal fee?
A fee charged for depositing money into a checking account
A fee charged for using an ATM to withdraw cash
A fee charged for transferring money to another bank
A fee charged for writing a check
Which of the following is a type of penalty fee?
Account opening fee
Wire transfer fee
Overdraft fee
Loan application fee
How often do customers typically receive a bank statement for their checking account?
Daily
Weekly
Monthly
Annually
While opening your checking account, the bank representative seems very interested in getting you to opt in for overdraft protection. What might explain his motivation?
He wants to minimize the fees you might pay to the bank.
He is required by law to sign you up for overdraft protection.
He knows that once you decide to opt into overdraft protection, you cannot opt out.
He may be receiving a sales commission for every customer who opts in to get overdraft protection.
Jillian is a high school student who typically earns $275 every two weeks at her part-time job. She is responsible for paying her own cell phone bill, gas when she drives her mom's car, and costs of going out with friends. She wants to set a low balance alert. What amount probably makes the most sense for Jillian?
$5
$50
$500
$5000
