WorksheetsWhat is a Bank Account? Introduction
Total questions: 16
Worksheet time: 8mins
What is the main purpose of a bank account?
to hide money from everyone
to keep the bank’s money
to borrow your neighbor’s money
to safely hold your money
With a bank account, which action can you make both in cash and online?
deposits
loans
statements
transfers
Which action adds money to your bank account?
opening a new savings account
writing a check to pay someone
making a deposit into the bank
making a withdrawal from the bank
What is the main purpose of a checking account?
Saving money for the long term
Holding money for emergencies only
Earning high interest each month
Paying everyday expenses easily
What does an account number help you do?
Decide your minimum deposit amount
Track how you use your account
Set the monthly interest rate
Choose the bank branch location
Why do people keep money in a savings account?
To borrow money from the bank often
To hide money where no bank can find it
To spend quickly on everyday purchases
To pay for future needs and emergencies
What is one feature of a savings account that helps keep it organized?
It changes numbers every single day
It shares the same number as cash
It has no number at all
It has a separate account number
Which document is commonly needed to prove who you are when opening a bank account?
Bus pass without your name
Gym membership key tag
School ID with photo
Library card without photo
Which document is commonly accepted as proof of address when opening a bank account?
A list of favorite movies
A birthday card from a friend
A school field trip permission slip
A recent utility bill from your home
A bank requires a minimum deposit to open an account. Which statement is true?
Checking accounts may need a small first deposit
You can open with zero dollars always
Minimum deposits are only for credit cards
Savings accounts never require any deposit
Which step is part of applying for a bank account at a branch?
leave the form unfinished
bring identification documents
skip the credit check
avoid talking to any staff
Which of the following serve as a proof of identity that can be used to set up a checking account?
Drivers License, State ID, Passport or Birth Certificate or social security Card
Drivers License, State ID, Passport or Power Bill
Power Bill, State ID or Passport
Which of the following is required to open a savings account at most banks?
Proof of identity and a minimum deposit
A letter from your employer
Your favorite book
A completed tax return
What can you use your checking account for?
Registering to vote
Getting a driver's license
Paying bills and making purchases
Applying for a passport
Which of these is NOT typically accepted as proof of identity at a bank?
Driver's license
State-issued ID
Passport
Library card without a photo
Which of the following can you use as proof of residency when opening up a checking account?
Power bill, water bill or cell phone bill
Power Bill, Water Bill or trash bill
Power Bill, Water Bill or Cable Bill
