HOW STUFF WORKS
QUIZZES

FOLLOW US
Online or In Person?
by Staff
Online banking is convenient, but is it really as safe as banking in person? After all, these transactions deal with our cash. So, what transactions should we be doing online or in person? Find out in our banking quiz.

Which bank was the first to announce iPhone check depositing?

  • USAA Bank
  • SunTrust
  • Bank of America

Some Web sites use an encryption protocol to safeguard the data they send and receive. This protocol is called what?

  • Secure 128-bit Protocol
  • Hypertext Transfer Protocol Secure
  • Hyper Secure Internet Protocol

About what percentage of U.S. households used online banking in 2010?

  • 55 percent
  • 70 percent
  • 80 percent

About what percentage of U.S. households pay bills online as of 2010?

  • 20 percent
  • 40 percent
  • 80 percent

As of 2010, do more women or men use the Internet to carry out online bill paying transactions?

  • Women
  • Men
  • They use it equally.

What is the most common age group of Internet bill payers?

  • 16 to 25
  • 26 to 34
  • 35 to 54

In the year 2000, what method of payment was most popular?

  • Checks
  • Credit cards
  • Cash

In the year 2010, what method of payment was most popular?

  • Checks
  • Credit cards
  • Cash

Which age range showed an 11 percent increase in online bill payment between 2002 and 2010?

  • 26 to 34
  • 35 to 54
  • 55+

Many people use pay-by-phone services to pay bills. What service is most commonly paid for by phone?

  • Credit card
  • Heat
  • Cell phone

What does the FDIC call people in the United States who don't own bank accounts?

  • Bankless
  • Unbanked
  • Holdouts

About how many households in the United States don't have bank accounts?

  • 5 million
  • 9 million
  • 17 million

What percentage of billers offered promotions in 2010 to encourage customers to use e-bills instead of paper billing?

  • 5 percent
  • 10 percent
  • 25 percent

What is the most commonly cited reason that people prefer paper billing over e-bills?

  • Paper statements help keep track of bills.
  • Paper statements are easier to read.
  • Paper statements are safer.

It's been estimated that unbanked workers can spend up to how much money in a lifetime on check-cashing fees?

  • $5,300
  • $41,600
  • $74,700

The FDIC aims to create "safe" bank accounts to encourage low-income families to open them. What is one of the primary draws of these accounts?

  • No overdraft fees
  • Free checks
  • No credit requirements

What Web site, from the owners of popular money management software Quicken, offers free money management online?

  • Mint.com
  • MindYourMoney.com
  • YouNeedaBudget.com

What kinds of payments on Black Friday via PayPal saw a 310 percent growth from 2009 to 2010?

  • Direct deposit
  • Credit card
  • Mobile

PayPal owns what percentage of global online payments?

  • 2 percent
  • 8 percent
  • 15 percent