Vantage Checking Account Quiz

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| By Schmittync3
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Schmittync3
Community Contributor
Quizzes Created: 1 | Total Attempts: 163
Questions: 6 | Attempts: 163

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Vantage Checking Account Quiz - 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. None
    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.

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

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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. $15
    Explanation
    The monthly fee without direct deposit is $15.

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  • 4. 

    What is the opening balance?

    • A.

      None

    • B.

      $25

    • C.

      $10

    • D.

      $50

    • E.

      $35

    Correct Answer
    C. $10
    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.

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  • 5. 

    Vantage checking customers are able to open a savings account.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    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.

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  • 6. 

    What is the max ODP limit?

    • A.

      $100

    • B.

      $150

    • C.

      $200

    • D.

      $250

    • E.

      None

    Correct Answer
    D. $250
    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.

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Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 22, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Sep 23, 2010
    Quiz Created by
    Schmittync3
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