1.7.2.g2 electronic banking trivia. 1.7.2.g2 © family economics & financial education –...
TRANSCRIPT
1.7.2.G2
Electronic Banking
Trivia
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 2
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Electronic Banking Trivia
Electronic Banking & Trends
ATM & Debit Cards
Direct Deposit & Payments
Other
$100 $100 $100 $100
$200 $200 $200 $200
$300 $300 $300 $300
$400 $400 $400 $400
Final Trivia
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 3
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Electronic Banking & Trends-$100
Answer:
The electronic movement of money that allows electronic banking or e-banking
to occur.
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 4
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Electronic Banking & Trends-$100
Question:
What is electronic funds transfer (EFT)?
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 5
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Electronic Banking & Trends-$200
Answer:
Withdrawals, deposits, and bill payments.
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 6
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Electronic Banking & Trends-$200
Question:
What are transactions that can be preformed through
e-banking?
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 7
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Electronic Banking & Trends-$300
Answer:
Phone, computer, automated teller machine, point of sale terminal.
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 8
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Electronic Banking & Trends-$300
Question:
What are the four methods e-banking can be done by?
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 9
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Electronic Banking & Trends-$400
Answer:
24 hour access, fast transactions, paperless transactions, convenience, world wide
access.
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 10
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Electronic Banking & Trends-$400
Question:
What are the five benefits of e-banking?
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 11
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
ATM & Debit Cards-$100
Answer:
Electronic computer terminals which offer automated, computerized banking.
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 12
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
ATM & Debit Cards-$100
Question:
What is an automated teller machine (ATM)?
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 13
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
ATM & Debit Cards-$200
Answer:
Deposits, cash withdrawals, transfer between accounts, account balance
information.
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 14
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
ATM & Debit Cards-$200
Question:
What are the transactions that can occur by using an automated teller machine (ATM)?
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 15
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
ATM & Debit Cards-$300
Answer:
A plastic card, which looks likes a credit card, but is electronically connected to a
card holder’s depository institution account.
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 16
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
ATM & Debit Cards-$300
Question:
What is a debit card?
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 17
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
ATM & Debit Cards-$400
Answer:
A personal identification number that is required to perform transactions.
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 18
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
ATM & Debit Cards-$400
Question:
What is a PIN?
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 19
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Direct Deposit & Payments-$100
Answer:
The document a consumer must sign, allowing companies to automatically deposit paychecks or benefit checks.
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 20
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Direct Deposit & Payments-$100
Question:
What is an authorization form?
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 21
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Direct Deposit & Payments-$200
Answer:
This can be done with fixed or flexible expenses.
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 22
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Direct Deposit & Payments-$200
Question:
What is direct payment?
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 23
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Direct Deposit & Payments-$300
Answer:
Paychecks and benefits checks are directly deposited into a specific depository
institution account.
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 24
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Direct Deposit & Payments-$300
Question:
What is a direct deposit?
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 25
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Direct Deposit & Payments-$400
Answer:
A card where employees wages are placed on the card via direct deposit.
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 26
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Direct Deposit & Payments-$400
Question:
What is a payroll card?
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 27
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Other - $100
Answer:
A consumer is held responsible for no more than this amount if notice of lost or theft is
given within two business days.
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 28
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Other - $100
Question:
What is $50.00?
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 29
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Other - $200
Answer:
A consumer is held responsible for no more than this amount if notice of lost or theft is
not given within the first two business days.
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 30
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Other - $200
Question:
What is no more then $500?
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 31
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Other - $300
Answer:
If the institution is notified after 60 days the consumer is liable for this amount.
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 32
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Other - $300
Question:
What is no more than the amount of the unauthorized transfers?
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 33
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Other - $400
Answer:
This allows a consumer to call a depository institution with instructions to pay certain
bills or to electronically transfer funds between accounts.
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia – Slide 34
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Other - $400
Question:
What is a pay by phone system?
1.7.2.G2
Final Trivia
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Final Trivia
Answer:
A new and popular form of paying bills without sending a check in the mail.
1.7.2.G2
© Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Trivia
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Final Trivia
Question:
What is online bill payment?