Mastering Your Bank Statement Quiz

Question 1

What does a 'debit' entry represent on your bank statement?

A A bank error

B Money taken out of your account

C Money added to your account

D Interest earned

Question 2

Which of these shows the money remaining in your account after all transactions?

A Deposit slip

B Ending balance

C Transaction date

D Overdraft fee

Question 3

What does an 'ATM Withdrawal' indicate?

A An online transfer

B A deposit made at a branch

C Cash removed from an ATM

D A monthly service charge

Question 4

If you see 'Credit' on a bank statement, what does it mean?

A Money was added to your account

B You spent money

C Your account is frozen

D You were charged a fee

Question 5

What is the purpose of the 'Transaction Date' column?

A To show the date of your next payment

B To show the account opening date

C To show when the bank processed the transaction

D To show the maturity date of a loan

Questions