Types of Bank Accounts
What type of bank account is designed for daily transactions such as paying bills or making purchases?
What is a checking account?
What is the term for the money available in a bank account?
What is a balance?
What are two common types of accounts people may open when starting their banking journey?
What are checking and savings accounts?
What does online banking allow you to do?
What is access your bank accounts and perform transactions via the internet?
What is the capital of France
Which type of account typically earns interest and is used for saving money over a longer period?
What is a savings account?
What is a fee called that you incur when you spend more money than you have in your checking account?
What is an overdraft fee?
What an important document you need to open a bank account?
What is a government-issued ID?
What is a significant benefit of online banking?
What is convenience (available 24/7)?
Which planet is closest to the sun
Mercury
Name two features of a checking account.
What are deposits and withdrawals?
What do you call a card linked to a checking account that allows purchases and withdrawals?
What is a debit card?
What is a minimum deposit requirement when opening a bank account?
What security measure helps protect your account by requiring a code in addition to your password?
What is two-factor authentication (2FA)?
Sven
What is one key difference between the purpose of a checking account and savings account?
What is that checking accounts are used for everyday transactions, while savings accounts are used to save money and earn interest?
What does ATM stand for?
What is an Automated Teller Machine?
What role does your Social Security Number (SSN) serve in the process of opening a bank account?
What is to verify your identity and for tax reporting purposes?
What is a common risk when using online banking over public Wi-Fi?
What is the risk of unauthorized access to your account information?
What is the capital of France
What is Maintain a minimum balance or setting up direct deposit?
Who would be the ideal person to have a savings account?
What is someone saving for a future goal, like a vacation or emergency fund?
What is it called when money is earned by keeping funds in a savings account?
What is interest?
What is a common method for submitting documents when opening an account online?
What is uploading your ID and proof of address?
Name two best practices for staying safe while using online banking
What are using strong passwords and enabling two-factor authentication?
What year was the iPhone invented
2007