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 $200 $300 $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?