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The Ultimate Do You Really Need a Bank Account Quiz
by Staff
You work hard to earn your money and want to know where is the best place to keep it safe. Most people keep their money in a bank account, but there are both perks and drawbacks to having a bank account. Take this quiz to help you make an informed decision as to whether you really need a bank account.

Why would someone put money in a bank account?

  • to save it
  • to obey the law
  • for protection

What is a perk of having a bank account?

  • earning interest
  • using an ATM
  • having a friendly banker to advise you

How is a bank account useful if you are working?

  • It looks better on a resume if you have a bank account.
  • You are less likely to spend your money at once if it is in an account.
  • You can get paid straight into your account.

Why would a financial adviser recommend a bank account?

  • It makes budgeting easier.
  • The adviser gets commission from the bank.
  • The returns are higher than investing on the stock market.

If you have a bank account, what feature saves you carrying wads of cash around?

  • a pin number
  • a debit card
  • an ATM

How can a bank account protect you from overdue bills?

  • with standing orders
  • with online banking
  • with telephone banking

What has been happening to bank fees over the years?

  • decreasing
  • increasing
  • staying the same

Approximately how many families in the U.S. do not have bank accounts?

  • 1.3 percent
  • 3.5 percent
  • 8.7 percent

If you don't want to send cash in the mail and you don't have a bank account, how can you pay someone?

  • money order
  • wire transfer
  • both of the above

Where can you cash a check if you don't have a bank account?

  • at a check cashing center
  • at any bank
  • at a cash exchange place