What is a chequing account?
It is a type of bank account, usually used for every day purchases.
True or False: A savings account is used for every day purchases.
FALSE! A savings account is used to SAVE money and earn 'good' interest. A CHEQUING account is used for every day purchases.
What video game was the first ever to be played in space?
Tetris
Name 2 purchases you can make with a debit card.
(Answers will vary)
- Bus Pass
-Groceries
-Clothing
- Books
Which planet is called the "Red Planet"?
Mars
What will happen if I spend more money than what is in my account?
Your purchase may be declined OR you may have to pay a Non-sufficient funds (NSF) fee!
What is a savings account?
It is a bank account that allows you to save money and earn interest on that money!
Which '90s girl group is the best selling girl group of all time?
Spice Girls
True or False: I can share my debit card PIN with my friends?
FALSE! Your PIN is sensitive information that should only be known by you!
What is the biggest bird in the world?
The ostrich.
What is a cheque?
Paper document that tells the bank to “please pay X amount of money to person Y”. The money is usually taken out of your chequing account.
True or False: I can earn interest on money in my savings account.
TRUE! By putting money into a savings account, you can earn MORE money!
What was the best selling video game console of the '90s?
Sony PlayStation
What are ATM's for?
To take cash out of your account. You can use your debit card at ATMS (but be aware! Usually ATMs have usage fees!)
Scooby-Doo is what kind of dog?
A Great Dane
What type of card can I use to access the funds in my chequing account?
A debit card!
True or False: I am never allowed to take money out of my savings account.
FALSE! Your savings account funds can be helpful when needing to make large purchases... like buying a car or paying for school fees. However, savings accounts should not be used for every day purchases (like groceries, video games, or movies).
What's the name of the colorful, egg-shaped, keychain Japanese children's toy that left kids responsible for a digital pet?
Tamagotchi
True or False: Debit cards often have daily or monthly free transaction limits.
TRUE! The amount can vary depending on financial institution and type of account.
Which continent contains the Sahara Desert?
Africa
True or False: I can earn 'good' interest with my chequing account?
False! You cannot earn interest with a chequing account... However, you can earn 'good' interest with a savings account!
How does 'good' interest work?
When you deposit money into a savings account, your financial institution pays YOU for the use of that money. Interest is reported as a percentages; the higher the rate, the more money you make!
Which Disney animated movie became the first in history to be nominated for Best Picture at the Oscars?
Beauty and the Beast
What should you do if you lose your debit card?
Contact your bank right away so they can cancel the card and issue you a new one. It is important to contact your bank as soon as possible so someone cannot fraudulently use your card to make their own purchases.
What year was Facebook created?
2004