Vantage Checking Account Quiz

1. What is the monthly fee WITH OUT direct deposit?

None

$15

$20

$5

$10

The monthly fee without direct deposit is $15.

Explanation

The monthly fee without direct deposit is $15.

2. Vantage checking customers are able to open a savings account.

True

False

Vantage checking customers have the option to open a savings account. This means that if someone has a Vantage checking account, they can also choose to open a savings account alongside it.

Explanation

Vantage checking customers have the option to open a savings account. This means that if someone has a Vantage checking account, they can also choose to open a savings account alongside it.

3. What is the monthly fee w/direct deposit?

$10

None

$15

$5

$20

The correct answer is $5. This is the monthly fee for an account with direct deposit.

Explanation

The correct answer is $5. This is the monthly fee for an account with direct deposit.

4. What is the opening balance?

None

$25

$10

$50

$35

The opening balance refers to the initial amount of money in an account at the start of a financial period. In this case, the correct answer is $10, indicating that the account had $10 at the beginning.

Explanation

The opening balance refers to the initial amount of money in an account at the start of a financial period. In this case, the correct answer is $10, indicating that the account had $10 at the beginning.

5. What is the max ODP limit?

$100

$150

$200

$250

None

The correct answer is $250. This is the maximum ODP (Overdraft Protection) limit, which means that the bank allows customers to overdraw their accounts up to a maximum of $250. This limit ensures that customers have some flexibility in case they need to make a payment that exceeds their account balance, but it also sets a cap to prevent excessive overdrawing.

Explanation

The correct answer is $250. This is the maximum ODP (Overdraft Protection) limit, which means that the bank allows customers to overdraw their accounts up to a maximum of $250. This limit ensures that customers have some flexibility in case they need to make a payment that exceeds their account balance, but it also sets a cap to prevent excessive overdrawing.

6. What is the minimum balance requirement?

$10

$15

None

$5

$50

The minimum balance requirement is "None" because there is no specified minimum amount that needs to be maintained in the account. This means that the account holder is not obligated to keep a certain balance in order to avoid any penalties or fees.

Explanation

The minimum balance requirement is "None" because there is no specified minimum amount that needs to be maintained in the account. This means that the account holder is not obligated to keep a certain balance in order to avoid any penalties or fees.