Mastering Wire Transfers and ACH Payments Quiz

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Mastering Wire Transfers and ACH Payments: a General level Bank Exam Prep quiz. Test your knowledge with 14 questions!
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Questions

Question 1
Which transfer type is generally considered faster for international funds?
A Wire transfer
B Direct deposit
C ACH transfer
D Paper check
Question 2
Which information is required to send an ACH payment?
A Credit score
B Social Security Number
C Routing and account number
D Debit card CVV
Question 3
What is the primary function of a routing number?
A Verify account balance
B Identify the customer
C Authorize overdrafts
D Identify the bank
Question 4
Are ACH transfers usually processed in real-time?
A No, they occur in batches
B Only for international accounts
C Always
D Only on weekends
Question 5
Which of these is a common use for an ACH payment?
A Paying monthly utilities
B Buying physical gold
C Trading stocks
D Withdrawing cash at an ATM

📋 This quiz has 14 questions in total.

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