Basic Banking

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* 1. Please submit the following information.

Full Name:

Email Address:

Phone Number:

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* 2. What type of personal bank accounts does Mechanics offer? Use https://www.mymechanics.com/personal-banking/ to find your answer.

CDs

Checking

Savings

All of the above

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* 3. What should you consider when choosing a bank?

Customer service

High interest rates

Convenience of branch locations

All of the above

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* 4. When writing the amount of a check in the legal line; how would you write $100.00?

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* 5. A savings account usually earns higher interest than a CD. True or false.

True

False

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* 6. Your bank accounts are insured by the

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* 7. Your accounts are protected up to _________ at each bank.

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* 8. In banking, credit means two things. List them.

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* 9. Check all that apply. Your checking account has been debited when:

You paid for your lunch at Panera with your debit card.

You withdrew $20 cash at the ATM.

You wrote a check to pay your rent.

You used your credit card to make a purchase on Amazon.

You used your checking account number to pay your credit card bill.

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* 10. What type of checking accounts at Mechanics offer overdraft protection? Use https://www.mymechanics.com/personal-banking/checking/ to find your answer.

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* 11. True or False. Your savings account cannot get direct deposit from your employer.

True

False

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* 12. _________ interest is interest earned on your deposits plus the interest your account earned last month.

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* 13. A 24 month CD that was opened on September 1st, 2013 will mature on:

100% of survey complete.