Have an account?
What are the two main types of bank account?
Current account and paying account
Current account and student account
Current account and savings account
Savings account and holiday account
What type of account is a current account?
A current account is:
used to save money so does not allow the account holder access to withdraw funds without 30 days notice
designed for students and allows an overdraft facility of up to £3000.
used to receive salary/wages, pay everyday expenses and to withdraw cash
Which of the following are ways that you can pay money into a current account. Select all that apply.
Over the counter at a bank
Using an ATM that has a paying in facility
Using a mobile banking app for cheques
Which of the following are methods of withdrawing (taking out) cash using a debit card?
Using an ATM
Over the counter
Using a mobile banking app
Which of the following are ways of making purchases using a debit card?
Online by keying in the appropriate account details
When buying goods that you do not have enough funds for
In a shop, using the card and PIN
Which of the following is no longer issued by all banks for current accounts?
Account number and sort code