1 Electronic Banking Trivia

2 Electronic Banking TriviaFinal Trivia Electronic Banking & Trends ATM & Debit Cards Direct Deposit & Payments Other $100 $200 $300 $400 © 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

3 Electronic Banking & Trends-$100Answer: The electronic movement of money that allows electronic banking or e-banking to occur. © 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

4 Electronic Banking & Trends-$100Question: What is electronic funds transfer (EFT)? © 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

5 Electronic Banking & Trends-$200Answer: Withdrawals, deposits, and bill payments. © 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

6 Electronic Banking & Trends-$200Question: What are transactions that can be preformed through E-banking? © 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

7 Electronic Banking & Trends-$300Answer: Phone, computer, automated teller machine, point of sale terminal. © 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

8 Electronic Banking & Trends-$300Question: What are the four methods E-banking can be done by? © 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

9 Electronic Banking & Trends-$400Answer: 24 hour access, fast transactions, paperless transactions, convenience, world wide access. © 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

10 Electronic Banking & Trends-$400Question: What are the five benefits of e-banking? © 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

11 ATM & Debit Cards-$100 Answer:Electronic computer terminals which offer automated, computerized banking. © 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

12 What is an automated teller machine (ATM)?ATM & Debit Cards-$100 Question: What is an automated teller machine (ATM)? © 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

13 ATM & Debit Cards-$200 Answer:Deposits, cash withdrawals, transfer between accounts, account balance information. © 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

14 ATM & Debit Cards-$200 Question:What are the transactions that can occur by using an automated teller machine (ATM)? © 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

15 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. © 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

16 ATM & Debit Cards-$300 Question: What is a debit card?© 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

17 ATM & Debit Cards-$400 Answer:A personal identification number that is required to perform transactions. © 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

18 ATM & Debit Cards-$400 Question: What is a PIN?© 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

19 Direct Deposit & Payments-$100Answer: The document a consumer must sign, allowing companies to automatically deposit paychecks or benefit checks. © 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

20 Direct Deposit & Payments-$100Question: What is an authorization form? © 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

21 Direct Deposit & Payments-$200Answer: This can be done with fixed or flexible expenses. © 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

22 Direct Deposit & Payments-$200Question: What is direct payment? © 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

23 Direct Deposit & Payments-$300Answer: Paychecks and benefits checks are directly deposited into a specific depository institution account. © 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

24 Direct Deposit & Payments-$300Question: What is a direct deposit? © 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

25 Direct Deposit & Payments-$400Answer: A card where employees wages are placed on the card via direct deposit. © 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

26 Direct Deposit & Payments-$400Question: What is a payroll card? © 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

27 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. © 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

28 Other - $100 Question: What is $50.00?© 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

29 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. © 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

30 Other - $200 Question: What is no more then $500?© 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

31 Other - $300 Answer: If the institution is notified after 60 days the consumer is liable for this amount. © 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

32 What is no more then the amount of the unauthorized transfers?Other - $300 Question: What is no more then the amount of the unauthorized transfers? © 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

33 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. © 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

34 What is a pay by phone system?Other - $400 Question: What is a pay by phone system? © 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

35 Final Trivia

36 Final Trivia Answer: A new and popular form of paying bills without sending a check in the mail. © 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

37 What is online bill payment?Final Trivia Question: What is online bill payment? © 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