ATM
What does ATM stand for?
Automated Teller Machine
What is mobile banking?
Banking using a smartphone app
What is a checking account used for?
Everyday transactions
What is FAFSA? and what does it stand for?
Free Application for Federal Student Aid
Who invented the first telephone?
Alexander G Bell
What should you do if an ATM keeps your card?
Contact your bank immediately
What is two-factor authentication?
A security method requiring two forms of verification
What is the difference between a checking and savings account?
Checking is for spending; savings is for storing money
What’s the difference between subsidized and unsubsidized loans?
Subsidized loans don’t accrue interest while in school
What does PEMDAS stand for?
Parentheses, Exponents, Multiplication and Division, and Addition and Subtraction
True or False: You can deposit cash at all ATMs.
False
Can you deposit checks using mobile banking?
Yes, using remote deposit capture
What is a routing number?
A 9-digit code identifying your bank
Do you have to pay student loans while in school?
Usually not for federal loans
This technology allows people to interact with 3D environments through a headset
Virtual Reality (VR)
What is the maximum withdrawal limit usually set by banks?
Around $300–$1,000 per day
What should you do if your phone with your banking app is stolen?
Lock your phone and notify your bank
What does overdraft mean?
Spending more than you have in your account
What is loan forgiveness?
Canceling part or all of your student loan debt
Who is the author of the Harry Potter Series
J.K. Rowling
Name one way to protect yourself from ATM fraud.
Cover your PIN when entering it
Name one way to protect yourself from phishing scams.
Never click suspicious links
Why is it important to balance your checkbook?
To avoid overdrafts and track spending
How can student loans affect your credit score?
Late payments can lower your score
Who was the first President of the United States
George Washington