Fees
All of these are common banking fees, EXCEPT...
Insufficient funds fee
Overdraft fee
ATM fee
Account opening fee
D. Account opening fee
What is the top 3 payment methods
Debit, Credit, Cash
Is there a such thing as a free checking account?
Yes
What is not on a bank statement?
Credit Score
If I used an out of network ATM, will there be a fee?
Yes.
Can you pay using your phone?
Yes
How do I find a in network atm?
Using the bank's app or website
How often does a bank statement come out?
Every 30 days
True or False: Is overdraft and insufficient fund fee the same thing?
False.
Which of the following is a way you can get money out of your checking account?
A.Using your credit card to get cashback at a supermarket
B.Withdrawing cash using an ATM
C.Depositing a check at a bank branch
D.Having your paycheck deposited electronically
B.Withdrawing cash using an ATM
Consumers utilize mobile banking mostly for which activity?
A.Making international transfers
B.Inquiring about their account balance
C.Paying bills
D.Updating their account settings
B.Inquiring about their account balance
What is the purpose of a bank statement?
To monitor your bank activities
How to avoid overdraft fees?
Set up alerts for low balance.
What is a cash checking service?
A third party business that will cash checks outside of banks.
Am I obligated to sign up with one bank?
No.
Isabella notices her bank statement includes a $25.72 charge from Shell Gas that she does not remember making. She should do all of the following, EXCEPT...
Set up text alerts, so she will be notified of potentially fraudulent charges in the future
Contact the bank immediately, so they can investigate the charge
Review her receipts and the details of the transaction, so she can confirm if the charge is real
Wait for the bank to contact her, so she has the complete fraud report before responding
D. Wait for the bank to contact her, so she has the complete fraud report before responding
If 72% of households reported paying no banking fees whatsoever, that means 28% of households paid all the fees. Out of the total 131.3 million households in America, approximately how many paid banking fees in 2019?
131,300,000 * .28 = 36,764,000 households
What is Person to Person payment?
Apple/Google payment between people.
Can banking be done completely virtually ?
Yes it can be, through the bank's website and/or app.
Can bank statements be virtual or mailed?
Both.