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Account Terms and Overdraft Fees Essentials Quiz

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Account Terms and Overdraft Fees Essentials: a General level Bank Exam Prep quiz. Test your knowledge with 9 questions!

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Questions

Question 1

What does 'Insufficient Funds' mean?

A You have too much money

B Not enough money in the account

C The account is locked

D The bank is closing

Question 2

What is an account maintenance fee?

A Penalty for overdraft

B Monthly cost to keep the account open

C Fee for using the ATM

D Fee for depositing a check

Question 3

How can you avoid overdraft fees?

A Keep track of your balance

B Use your debit card more

C Spend more money

D Do nothing

Question 4

What is an ATM fee?

A Fee for a savings account

B Cost to use an out-of-network ATM

C Cost for depositing cash

D Penalty for not using the card

Question 5

What is a transaction limit?

A Maximum you can spend in a period

B Minimum deposit allowed

C Total interest earned

D The bank's profit margin

📋 This quiz has 9 questions in total.