🎯 FreeQuizzesFor

Wire Transfers and ACH Payments Basics Quiz

Created by: FreeQuizzesFor

Go Back

13 Questions

0 Plays

Wire Transfers and ACH Payments Basics: a General level Bank Exam Prep quiz. Test your knowledge with 13 questions!

Rate this quiz:

No ratings yet

Questions

Question 1

Which transfer type is generally faster?

A Wire transfer

B Check deposit

C ACH transfer

D Mail transfer

Question 2

What is required to send an international wire?

A Social Security number

B SWIFT code

C Customer PIN

D Drivers license number

Question 3

ACH payments are typically used for what?

A Instant emergency cash

B Direct deposit of payroll

C Foreign currency trading

D Buying physical gold

Question 4

Which is a common identifier for an ACH transaction?

A Credit card CVV

B Security question answer

C ATM password

D Routing number

Question 5

Are wire transfers typically reversible?

A No, they are final

B Yes, with a small fee

C Yes, within 24 hours

D Only on weekends

📋 This quiz has 13 questions in total.