Financial Services for Individuals and Households

Which of the following is NOT a service provided by financial institutions?

• Storing Money

• Managing Payments

• Providing Free Grants

• Providing Loans

Who does a commercial bank offer financial services to?

• General Public

• Government Departments

• Businesses

• The European Union

Which of the following is NOT an example of a commercial bank?

• AIB

• Bank of Ireland

• An Post

• Permanent TSB

What type of bank account is used for day-to-day banking needs?

• Current Account

• Deposit Account

For which type of bank account do you receive regular statements detailing transactions?

• Current Account

• Deposit Account

Which two financial institutions DO NOT offer current accounts?

• Commercial Banks

• Credit Unions

• An Post

• Building Societies

Amounts paid into your current account are called....

• Withdrawals

• Lodgements

• Take-out

• Put-in

Amounts paid out of your current account are called....

• Take-Ins

• Lodgements

• Put-Outs

• Withdrawals

This type of bank account is used mainly to save money and to earn interest income.

• Current Account

• Deposit Account

Which of the following is NOT required to open a bank account?

• Photo Proof of Identity e.g passport,driving licence

• A PPS Number

• Proof of employment

• Proof of address e.g a recent household bill addressed to you.