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8th Grade Banking Transactions Quiz

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

You cash a $20 bill at the teller and put it into your checking account.

a)

Withdrawal

b)

Deposit

c)

Service Fee

d)

ATM Withdrawal

2.

You use your debit card to buy lunch for $6.25 at a restaurant.

a)

Deposit

b)

Check Deposit

c)

Point-of-Sale (POS) Purchase

d)

Bank Interest

3.

Your employer deposits your paycheck directly into your account.

a)

Withdrawal

b)

Direct Deposit

c)

ATM Withdrawal

d)

Returned Check Fee

4.

You withdraw $40 from an ATM.

a)

ATM Withdrawal

b)

Mobile Deposit

c)

Electronic Transfer In

d)

Overdraft Fee

5.

The bank charges $35 because your account went negative.

a)

ATM Deposit

b)

Overdraft/NSF Fee

c)

Refund

d)

Interest Earned

6.

You deposit a $150 check you received from a friend.

a)

Check Deposit

b)

Debit Card Purchase

c)

Automatic Bill Pay

d)

Fee

7.

You pay your monthly phone bill automatically from your checking account.

a)

Automatic Payment (Auto-pay)

b)

Cash Deposit

c)

Teller Deposit

d)

Bank Interest

8.

The bank charges a $5 monthly maintenance fee on your account.

a)

Service/Maintenance Fee

b)

Refund

c)

Interest Credit

d)

Mobile Deposit

9.

You transfer $100 from your savings account to your checking account online.

a)

External Deposit

b)

Transfer (Savings → Checking)

c)

ATM Withdrawal

d)

Check Deposit

10.

You receive a $12 refund from an online store and it posts to your account.

a)

Withdrawal

b)

Refund/Credit

c)

Returned Item Fee

d)

Overdraft Fee

11.

You deposit $25 in coins using the bank coin machine and the teller credits your account.

a)

Coin Deposit/Teller Deposit

b)

ATM Withdrawal

c)

Wire Transfer Out

d)

Fee

12.

You pay with a paper check for $45 at a store.

a)

POS Purchase

b)

Check Written/Check Payment

c)

Direct Deposit

d)

Interest

13.

You move $200 to another bank using an online transfer.

a)

Incoming Wire

b)

Outgoing Transfer (to another bank)

c)

ATM Deposit

d)

Service Fee

14.

The bank posts $0.50 interest to your account for the month.

a)

Interest Earned

b)

ATM Fee

c)

Overdraft Fee

d)

Check Deposit

15.

You use mobile deposit to deposit a paycheck by photographing it with your phone.

a)

Teller Cash Deposit

b)

Mobile Deposit

c)

Check Written

d)

EFT Withdrawal

16.

A merchant charges you $8 for a subscription and you don’t recognize it; the charge posts as “pending.”

a)

Pending Debit/Authorization

b)

Deposit

c)

Bank Fee

d)

Interest

17.

You withdraw $60 in cash at the teller window.

a)

Teller Withdrawal/Cash Withdrawal

b)

Deposit

c)

Check Deposit

d)

Service Charge

18.

Your bank reverses a fee after you dispute it and credits your account.

a)

Fee

b)

Chargeback/Dispute Credit

c)

ATM Withdrawal

d)

Wire Out

19.

You set up and the bank automatically moves $25 each month into a savings account.

a)

Scheduled Transfer/Auto-transfer

b)

Deposit at Teller

c)

Overdraft Protection Fee

d)

Returned Item Fee

20.

A check you wrote for $30 bounces due to insufficient funds and the bank notifies you.

a)

Check Cleared

b)

Cleared Deposit

c)

Returned/NSF Item

21.

You use your debit card to withdraw $50 from an ATM at night.

a)

ATM Withdrawal

b)

Deposit

c)

Check Deposit

d)

Interest Earned

22.

Your account is credited $10 after you return a purchased item to a store.

a)

Overdraft Fee

b)

ATM Withdrawal

c)

Service Fee

d)

Refund/Credit

23.

You write a check for $100 to pay your rent, and it clears your account.

a)

Interest Credit

b)

Direct Deposit

c)

Check Written/Check Payment

d)

Check Deposit

24.

What is the ending balance after the following transactions?

Beginning balance: $150.00

              Check #201 to Pizza Hut for $22.50 on October 3

              Debit card purchase at Walmart for $47.25 on October 4

              ATM withdrawal of $40.00 on October 6

              Deposit of $120.00 on October 7

a)
$130.25
b)
$180.00
c)
$160.25
d)
$150.75
25.

What is the ending balance after the following transactions?

Beginning balance: $98.40

              Deposit birthday money $50.00 on May 2

              Debit card purchase at Target for $23.65 on May 3

              ATM withdrawal of $30.00 on May 5

              Check #322 to school for $12.75 on May 6

a)
$75.00
b)

$82.00

c)
$100.00
d)
$85.25