Banking Basics Quiz

You should memorize your PIN number but keep it in your wallet with your card in case you forget it.

• True

• False

E-banking allows 24 hour access to bank accounts.

• True

• False

A PIN number is never needed for a debit card transaction.

• True

• False

All ATMs charge a fee to use them.

• True

• False

You should sign the back of credit and debit cards and write "See ID."

• True

• False

Individuals can access their bank accounts worldwide using e-banking.

• True

• False

You may choose to have depository institutions cover your transaction if you don't have sufficient funds in your account.

• True

• False

Banks and credit unions basically offer the same types of services.

• True

• False

The FDIC secures deposits up to

• $100,000

• $200,000

• $250,000

• unlimited

An account at either a bank or credit union that is NOT intended to be used for daily expenses

• checking account

• savings account