What is a feature of online and mobile banking that allows you to transfer funds to companies such as Telus, Rogers and Bell?
What is Pay Bills and Transfer Funds
100
A Slurpee?
What is Want
100
This is a paper based way of giving someone money when you don’t have cash available?
What is a Cheque
100
What is one easy way to help you increase your savings?
What are:
1. Set up an automatic savings contribution 2. Save loose pocket change. 3. Reduce your discretionary spending
100
Salary or wages calculated BEFORE deductions?
What is Gross Pay
200
Which online feature will help with your budgeting by scheduling funds to be moved into your Savings account on the same day of each month?
What is automatic Transfers
200
Paying off your Credit Card?
What is Need
200
This account may charge a monthly fee and includes a specified number of withdraws and purchases?
What is a Chequing Account
200
What is one easy way to help you increase your savings?
What is saving 3 to 6 months expenses
200
Outflows of money. For example, the outflow of money for living, food, clothing, etc.
What are Expenses
300
What is the option can be set up online to notify you when you are spending too much money?
What is Low Balance Alert
300
Putting money into Savings?
What is Need
300
This product can be used to build your credit history. It allows for daily purchases to be made and paid off once per month?
What is a Credit Card
300
Why does your money grow faster by making smaller, more frequent deposits into savings rather than one lump sum, once a year?
What is Compound Interest
300
An electronic card issued by a bank connected to a personal banking account. The card allows access to money in an account by electronically making purchases of goods and services or removing cash at an Automated Teller Machine (ATM).
What is Client Card
400
If the family you have been babysitting for realizes they have no cash, what online option could they use to send you the money?
What is E-transfer
(Email Money Transfer)
400
Going to the movies with your friends?
What is Want
400
This type of account is meant for long term savings and is regulated by the Canadian Government. Its contribution room is based on 18% of the income you made during the prior year?
What is a Registered Retirement Savings Plan (RRSP)
400
What is the difference between a Savings account and Chequings account?
What are:
1. Chequings – there is a monthly fee. 2. Savings – earn monthly interest.
400
Money given to a borrower on the promise of repayment, often with interest?
What is a Bank Loan
500
What RBC Mobile feature allows you to purchase, store and use Gift Cards on your smart phone?
What is RBC Wallet
500
Filling your car with Gas?
This one depends on the individual…
Do you need to drive to work or school?
Could be a Need OR a Want
500
This type of savings plan can help parents save for their children to go to school. The Government will also contribute money into this plan.
What is a Registered Education Savings Plan (RESP)
500
As a general rule of thumb, what percentage of your pay should go towards savings?
What is 10%
500
A savings account where amounts earned are not taxed and withdrawals can be made