Bank Services and Fee Study Guide

Matching (2 points each) 1) Full Service Bank 2) FDIC 3) Certified Check 4) Travelers Check 5) Cashiers Check 6) Money Order 7) Debit Cards 8) Credit Cards 9) Overdraft Protection 10) ATM 11) PIN 12) EFT True/False (2 points each) 1) Getting cash is a common ATM service? 2) Do banks encourage Electronic Fund Transfers? 3) Can a money Order Bounce? 4) A debit card is like an electronic check? Multiple Choice (2 points each) 1) When is the best time to use Travelers Checks? 2) What two additional fees do credit cards charge?

3) What four services can you do online/phone? 4) How much does the FDIC insure? Short Answer (5 points each) 1) Explain the difference between a credit card vs debit card?

2) What is Credit? Pick 2 of the 4 types of credit and explain where (institution) you can get them and the features of each. (Credit Cards, Mortgage, Student Loan, Installment Loan)