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- 1. Multiple Choice
The main financial institutions operating in Ireland are:
Ulster Bank, AIB, Bank of Ireland and KBC
Commercial Banks, Credit Unions, Building Societies, An Post
Credit Unions & Banks
storing their money, managing payments and providing loans
- 2. Multiple Choice
What is a Financial Institution?
A financial institution gives people cards
It is an ATM
A financial institution gives people money
A financial institution provides financial services for its customers, including storing their money, managing payments and providing loans
- 3. Fill in the Blank
Commercial banks are also called ______ banks as they provide financial services to the general public and to businesses.
- 4. Multiple Choice
What kind of services do banks offer to customers?
Current Account
Bill Payments or money transfers
Credit Cards
Weekly phone-calls to discuss your bank statement
Foreign Exchange Services
- 5. Fill in the Blank
A current account is used for __________ transactions.
- 6. Fill in the Blank
A deposit account is also called a _____ account.
- 7. Multiple Choice
When opening a current account you must provide
PPSN
Birth Certificate
Proof of Identity (Photo ID)
Proof of Address
Application Form
- 8. Multiple Choice
Amounts taken or paid out of accounts are known as lodgements.
True
False
- 9. Multiple Choice
Amounts paid out or taken out of an account are known as withdrawals
True
False
- 10. Open Ended
List 3 ways a lodgement can be made....
- 11. Multiple Choice
ATM stands for Automatic Telling Machine
True
False
- 12. Open Ended
What does EPOS stand for?
- 13. Fill in the Blank
The maximum value you can spend per transaction with a contactless card is...
- 14. Multiple Choice
Direct Debit (DD)
A current a/c holder gives permission to another person or business to withdraw variable amounts from their account
An instruction to a financial institution to pay a fixed amount to a specific person or organisation on a certain date
A once off instruction from a current account holder to their bank to transfer a certain amount of money to another account
- 15. Open Ended
What is a bank overdraft?
- 16. Multiple Choice
Which of the following are true about bank statements? Click all that apply
Current A/C holders receive a statement on a monthly or quarterly basis
Bank statements show all the transactions over that period of time
Bank statements are written from the bank's point of view
Bank statements are only sent through the post and are not available online
- 17. Fill in the Blank
What does SEPA stand for
- 18. Multiple Choice
BIC stands for 'Bank Identifier Code'
True
False
- 19. Multiple Choice
If you are sending money to a friend's current account in a different bank, do you need their IBAN?
Yes
No
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