Banking Terms
Who is the person who is in charge of the bank?
Bank manager.
If you have valuables or important documents, what can you rent at the bank to store them in?
Safety Deposit box
If you like to take out money a lot, what account fits you?
Checking account
What do you call it when you do your banking on a computer ?
Online banking
What do you call it when you take out money from a bank?
Withdraw
What is a called when you send money online?
e-transfer.
What do you call it when you take a cheque to the bank to get money for it?
Cash a cheque
Does a person have to put money in their bank account immediatedly after opening it?
No
If you want to buy a car or pay for an expensive vacation, what do you need to get from the bank?
A loan
What kinds of ID do you need to open a bank account?
Name 3
A drivers license, passport, permanent residence card, social insurance card, a canadian certificate of citizenship, a birth certificate.
What is the name of the person who serves you in the bank?
Bank teller
What are the two most popular types of accounts?
Chequing and Savings
Does a person have to have a job to open a bank account?
No
Should you tell people your PIN number?
What does PIN stand for?
No
Personal Identification Number
How old do you have to be to open a bank account by yourself in Canada?
16 years old
What does ATM stand for?
Automatic Teller Machine.
What does the bank pay you if you have a savings account?
Interest
Can you cash a Government of Canada cheque for free at your bank account?
yes
What do you call the office of a bank.
(Hint: think tree)
Branch
Give 3 ways, you could know if an email was a phishing email?
1 - emails won't have your real name on them.
2 - the emails will have spelling mistakes in them.
3 - the emails will ask you for personal information.
4 - the web address will have http:// and not https://
5 - the email address will not be correct.
What are bank fees?
Charges that a bank makes the customer pay for using their bank accounts and bank cards.
What do you need to get if you want to buy a house?
Mortgage.
What is direct deposit?
It's when you get paid directly into your bank account instead of getting a paper cheque.
What are the names of the two companies that track your credit history?
Transunion and Equifax
Why is it a good idea to have a good credit history?
When you apply for a mortgage or a loan, the bank calls the credit companies to check on your credit history. If you have good credit history you will probably get accepted for a mortgage. If you don't then the bank might not give you one.