Banking Basics (1)
Type of account which allows you to deposit and withdraw for daily transactions?
Checking Account
The term used when an unauthorized user utilizes/accesses your account?
Fraud
What is the number one reason people use mobile banking?
Check Account Balances
What is it called when you initiate a reoccurring deposit from one account to another account?
Auto Transfer
Type of account is considered liquid and allows you to earn interest?
Savings/Money Market Account
A device that allows you to access your funds (physically) throughout the world?
ATM/Automatic Teller Machine
What is the largest bill U.S. has created?
100k Bill. It was printed in 1934 and is regarded as a Gold Certificate. Last one ever made was in 1945. These notes were only used to move funds between between branches of federal reserves.
When using your mobile device, what is the only item you can deposit using a mobile banking app?
Check/Money Order
When creating a budget, you should categorize your monthly expenses in three categories, debt being one of the three. What are two other categories?
Needs & Wants
What two numbers are required to set up direct deposit?
Account number & Routing number
This financial institution is not for profit?
Credit Union
If you spend more money than what your account has, you will incur what type of fee?
Overdraft Fee
What is the third party feature on the the mobile app which allows you to transfer and request money from someone?
Zelle
Name one of the three types of financial goals you can set?
Short/Medium/Long Term
This type of account is used to buy and sell securities such as stocks, bonds, and mutual accounts?
Brokerage Accounts
This is a monetary instrument that is used to make payments and is backed by financial institutions or approved corporations?
Cashier's Check &/or Money Order
This famous group released the song "For the love of Money" in 1973.
The O' Jays
What is the name of the term which allows you to see your projected income and expenses?
Forecasting
This debt management strategy focuses on paying off the smaller balance first?
Snowball Method
How much of your money is insured up to for deposit accounts?
$250k
This is a type of account tends to gain higher interest, is FDIC insured, but is inaccessible for a specific time/duration?
CD/Certificate of Deposit
What famous educational children's program has been partnered with PNC for over 20 years?
Sesame Street/Place
This feature can be used to store multiple cards virtually and used for Point of Sale transactions?
Mobile Wallet
This method focuses on paying off the card that has the highest interest first?
Avalanche Method
This item can be used at ATMs to make deposits/withdrawals or merchants to make purchases?
Debit Card