Unit 10: Banking Essentials Lesson 31: Banking Basics Module 109: E-banking Question Preview (ID: 30113)


Unit 10: Banking Essentials Lesson 31: Banking Basics Module 109: E-banking. TEACHERS: click here for quick copy question ID numbers.

It is very important not to share your Bank identification information—often referred to as a
a) debit card
b) 3-7 days
c) PIN Number
d) outstanding check

how long does it take a check clear once you have put it in your bank account.
a) debit card
b) 10 days
c) 3-7 days
d) a year

It is important to have enough money in your account at all times to cover your _____________checks
a) outstanding
b) PIN Number
c) FDIC bank insurance 250,000
d) NCUA Credit Union Insurance 250,000

ATMs, debit cards, electronic check conversion, direct deposit, online banking, bill paying via a computer, and the wiring of funds.
a) Debit card
b) Opt in or Opt out of overdraft
c) E-banking or ETF
d) Deposits of 10,000 or more must be reported to US treasury

Your bank must first get your permission to apply for overdraft services before you can be charged overdraft fees. Know as
a) ATM or Debit Card
b) Bounce a check
c) Minimum Balance
d) Opt in or Opt out

is a service offered by banks that allows checking account holders to temporarily make purchases with a debit card even if they don't have sufficient funds in their account to cover them.
a) Direct deposit
b) OverDraft Protection
c) outstanding
d) 3-7 days

_________ is connected to your checking account and the money the is deductible from your account when you use it.
a) Credit Card
b) Debit card
c) Social Security Card
d) Pin number

There can be fees for using ATMs if you are
a) Loan office
b) Bank Teller
c) Young
d) not a member of

An ____________is used for electronic monetary transactions. By inserting a plastic debit card that either has a magnetic stripe or a chip into the ATM machine
a) ATM or Debit Card
b) Bank Teller
c) Direct deposit
d) All of the above

also known as e-banking, virtual banking, and online banking—refers to services that allow customers to access bank information, conduct financial transactions, make deposits and withdrawals, and pay bills electronically without visiting a bank
a) Direct deposit
b) Electronic banking
c) All of the above
d) Credit Cards are loans

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