Vantage Checking Account Quiz
Vantage checking is an important account that seems to get dismissed. Test your knowledge and see if you have an ad-VANTAGE on the Vantage checking account!
Questions and Answers
- 1.
What is the minimum balance requirement?
- A.
$10
- B.
$15
- C.
None
- D.
$5
- E.
$50
Correct Answer
C. NoneExplanation
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.Rate this question:
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- 2.
What is the monthly fee w/direct deposit?
- A.
$10
- B.
None
- C.
$15
- D.
$5
- E.
$20
Correct Answer
D. $5Explanation
The correct answer is $5. This is the monthly fee for an account with direct deposit.Rate this question:
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- 3.
What is the monthly fee WITH OUT direct deposit?
- A.
None
- B.
$15
- C.
$20
- D.
$5
- E.
$10
Correct Answer
B. $15Explanation
The monthly fee without direct deposit is $15.Rate this question:
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- 4.
What is the opening balance?
- A.
None
- B.
$25
- C.
$10
- D.
$50
- E.
$35
Correct Answer
C. $10Explanation
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.Rate this question:
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- 5.
Vantage checking customers are able to open a savings account.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
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.Rate this question:
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- 6.
What is the max ODP limit?
- A.
$100
- B.
$150
- C.
$200
- D.
$250
- E.
None
Correct Answer
D. $250Explanation
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.Rate this question:
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Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
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Mar 22, 2023Quiz Edited by
ProProfs Editorial Team -
Sep 23, 2010Quiz Created by
Schmittync3
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