Quiz

Katie is 15. She likes going out with her mates and is a keen cyclist.

Her parents give her a small allowance in return for doing chores such as mowing the lawn and washing the car, but she is always wishing she had a bit more money to spend when she goes out – and cycling gear can be expensive.

She’s about to turn 16 so her Dad suggested that she should get a Saturday job to earn extra cash. Katie applied for a job at a local shop and has just received a letter saying she’s got it! The letter says she’ll need to bring her bank details with her on her first day, but there’s one problem – she doesn’t have a bank account.

Katie doesn’t know much about banking and has a few questions – can you help her?

1
At what age are you legally required to have a bank account?


2
Do all bank accounts give you interest? How much?


3
You need to prove your identity to reduce the risk of fraud. Which of these documents can't be used as proof of identity when you open a bank account?


4
PIN stands for Personal Identification Number; who should know your PIN number?


5
Who can use your cash card?


6
When you make a withdrawal from an ATM you can choose to get a receipt. Which of the following information won't be printed on the receipt?


7
What can't you use your debit card for?


8
When writing a cheque for £5.90 how should you write the amount?


9
How old do you have to be before you can bank over the Internet?


10
In the world of finance, what is 'phishing'?


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