Debit Cards Review

Debit Cards

100

What is a debit card? 

a card from the bank 

200

When you use your debit card, where does the money come from? 

It comes from the person using the debit card, their money or their checking account 

300

What happens when you use your debit card, and you don't have enough money in your account? 

Your debit card will decline. 

400

One advantage to using a debit card is it is more widely accepted, so you can use it more places. 

Yes 

500

How can you keep track of your spending when you use your debit card? 

You can balance your check book,  check your monthly debit card statements, or your online banking statement 

Credit Cards

100

When you use your credit card, where does the money come? 

When you use your credit card, you borrow money and then have to repay the money borrowed. 

200

Do you have to pay back the balance on your credit card? 

Yes. 

300

What do you build up as you use and pay off your credit card in time? 

Credit 

400

True or False, when you use your credit card, you can spend as much as you want. There is no limit on the credit card. 

False. Depending on your credit and how quick you pay off your credit card statements you will have a spending limit.

500

When should you use your credit card? 

When you make bigger item purchases such as hotel reservations, flights, car rentals, store cards.

Using Your Debit Cards

100

If there is $46 in the account, can you buy groceries for $48?

No, your debit card will decline. 

200

What you use your debit card, what is the number called you need to type in that is like a password? 

A PIN code 

300

True or False. Debit Cards are the same as credit cards 

False

400

When should you not use your debit card? 

Online shopping, public accessible ATM's and gas stations, restaurants, and pre-payment situations 

500

What is considered a good PIN? 

A PIN number that is easy for you to remember but hard for someone else to figure it out

Using your Debit Cards At the ATM

100

What is an ATM? 

An ATM is an automated teller machine which allows people to bank without the need for direct contact of the banking staff. 

200

What does it mean to withdraw money from your bank account? 

It means to take money out of your account. 

300

What is it called when you put money into your account? 

Depositing 

400

What should you do before you even use an ATM machine? 

Make sure the area that the ATM is in is safe and clean. Make sure the ATM doesn't look sketchy. 

500

What are the 4 functions of an ATM machine? 

1. Withdrawing money

2. Depositing money

3. Transferring funds from accounts

4. Checking account balances

Fun

100

Babe Ruth is associated with which sport? 

Baseball 

200

What is the fictional city in Batman? 

Gotham

300

What is the tallest mammal? 

Giraffe. 

400

What is the color of the Japanese flag? 

White with a red circle

500

Who is the author of Harry Potter? 

J.K Rowling