1. In order to open up a checking account, one must fill out a signature card with the financial institution. True Or False??

2. An advantage of using a debit card is:
a. You can build up your credit
b. You don’t have to record a transaction fee each time you use it to know your balance
c. If you buy defective goods you can get your money back because you used your debit card
d. You have a personal PIN number for added safety if the card is stolen

3. A type of check that you can purchase for a fee from banks or travel agencies is a ______________________.

Question

13-07-2016
Business

contestada

1. In order to open up a checking account, one must fill out a signature card with the financial institution. True Or False??

2. An advantage of using a debit card is:
a. You can build up your credit
b. You don’t have to record a transaction fee each time you use it to know your balance
c. If you buy defective goods you can get your money back because you used your debit card
d. You have a personal PIN number for added safety if the card is stolen

3. A type of check that you can purchase for a fee from banks or travel agencies is a ______________________.

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oopsydaisy oopsydaisy · Answer 1 · 2017-11-18T23:56:03+01:00

1.) When a person first opens up a checking account at their financial institution, they will need to sign a signature card. This helps to prevent fraud in case the checks/debit card is stolen. The signature is on file at the person's financial institution. The correct answer is True.

2.) One of the advantages of having a debit card is having a PIN number. The PIN number can prevent the unauthroized use of the card in case it is lost or stolen. A person must know the PIN to take out cash at an ATM or store.

3.) A traveler's check is the type of check a person can purchase from a bank or travel agency. There is a small fee involved in purchasing these type of checks. These type of checks are a preferred method when traveling across to another country.