Checking Account Basics

Which report details negative banking history, such as habitual overdrafts?

ChexSystems Report

Correct Incorrect Correct answer

Annual Credit Report

Correct Incorrect Correct answer

Bank Account Report

Correct Incorrect Correct answer

Consumer Report

Correct Incorrect Correct answer

Which type of deposit allows you to deposit money with your smartphone?

Deposit slip

Correct Incorrect Correct answer

E-deposit

Correct Incorrect Correct answer

Direct deposit

Correct Incorrect Correct answer

Joint deposit

Correct Incorrect Correct answer

What does “EFT” stand for?

Electronic Funds Transfer

Correct Incorrect Correct answer

Equal Funds Transfer

Correct Incorrect Correct answer

Electronic Funding Type

Correct Incorrect Correct answer

Eligible Financing Transaction

Correct Incorrect Correct answer

What are the two numbers needed to set up direct deposit?

Social Security and Driver's License

Correct Incorrect Correct answer

Employer Tax ID and Deposit Amount

Correct Incorrect Correct answer

Bank Routing Number and Account Number

Correct Incorrect Correct answer

Check Number and Deposit Number

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If you report a stolen debit card within 1 day of the card being stolen, what is the maximum amount you would have to pay for unauthorized charges?

$10

Correct Incorrect Correct answer

$50

Correct Incorrect Correct answer

$100

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$500

Correct Incorrect Correct answer

Which type of deposit allows you to have faster access to your funds without requiring a few days for processing?

Direct deposit

Correct Incorrect Correct answer

Drive-thru check deposit

Correct Incorrect Correct answer

Deposit slips through a teller

Correct Incorrect Correct answer

E-deposit

Correct Incorrect Correct answer

What is one thing you can’t do at an ATM?

Deposit cash and checks

Correct Incorrect Correct answer

Cross-account transfer

Correct Incorrect Correct answer

Make changes to account information

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Withdraw funds from available cash

Correct Incorrect Correct answer

If you mess up when you’re writing a check, what should you write across the front of it?

DO NOT PAY

Correct Incorrect Correct answer

INELIGIBLE

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NULL

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VOID

Correct Incorrect Correct answer

Which type of checking account allows spouses to both be authorized users?

Specialized account

Correct Incorrect Correct answer

Joint account

Correct Incorrect Correct answer

Individual account

Correct Incorrect Correct answer

Family account

Correct Incorrect Correct answer

Which of the following is not a form of overdraft protection?

Courtesy Pay

Correct Incorrect Correct answer

Overdraft Transfer

Correct Incorrect Correct answer

Mobile Pay

Correct Incorrect Correct answer

Overdraft Line of Credit

Correct Incorrect Correct answer

Checking Account Basics

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