CheckRight Quiz

* Indicates Required

This quiz is designed to test your knowledge of the checking account responsibility topics reviewed in the interactive CheckRight Training Course. Once you complete the quiz, click 'Next' to see your score.

• Name (as it appears on your Smart Track Checking Account)
  First Name *

  Last Name *
• Email *

  Contact Phone Number *
• 1. Which of the following is a benefit of having a checking account?
  It provides you with a secure place to keep your money It provides you with high interest rates and large dividends
• 2. The best way to manage your checking account and avoid an overdraft is to:
  Review your account balance and transactions regularly in online or mobile banking Rely on your credit union to contact you if you have a low account balance
• 3. True or False: Your debit card withdraws money directly from your checking account with no fees or debts incurred.
  True False
• 4. If you have consistently tracked your spending to prevent an overdraft, but a pending debit transaction or scheduled automated payment clears causing your account to be overdrawn:
  There’s no need to worry because the credit union will cover your overdraft for free You may be charged fees
• 5. True or False: If the balance on your account falls to $0, the credit union will close your account.
  True False
• 6. Which card uses borrowed money that you will have to pay back at a later time?
  Credit Card Debit Card
• 7. If you use your debit card to withdraw $20 from an ATM with a $3 surcharge or service fee, how much money will be withdrawn from your account?
  $20 $23
• 8. True or False: If you overdraft your checking account, you can transfer money from your emergency fund or return recent purchases to cover the difference until the next deposit is made into your account.
  True False
• 9. If your ATM or debit card is lost or stolen, you should:
  Report it to the credit union immediately Report it to the credit bureaus
• 10. An important tool that can help you to organize your finances and maintain your checking account is:
  A Spending Plan Overdraft Protection
• 11. Which account should you use to help pay for unexpected expenses?
  Checking Account Emergency Fund
• 12. True or False: ChexSystems allows financial institutions to see the deposit account history of potential members for the previous 5 years to help them determine if the potential member will be a good account manager in the future.
  True False
• 13. The report provided by ChexSystems to financial institutions when someone applies to open an account is called a:
  Credit Report QualiFile
• 14. True or False: If anything shows up on the ChexSystems report, it is negative information from something that happened with previous checking or savings accounts.
  True False
• 15. Your credit report and ChexSystems report are governed by the Fair Credit Reporting Act and are available for members to view free of cost:
  Annually Bi-Annually
• 16. To clear an unpaid balance from your ChexSystems report, you must provide ChexSystems with a receipt from the financial institution showing that the debt has been paid.
  True False
• 17. Who is responsible for monitoring and/or cancelling automatic payments when a checking account is closed?
  Member Credit Union
• 18. True or False: Non-Sufficient Funds (NSF) describes the status and/or fee charged when a checking account does not have enough money to cover transactions.
  True False
• 19. Why is it important to understand the fees that the credit union may charge you?
  In order to save money to pay for them In order to avoid them
• 20. One of the best reasons to have and manage a checking account well is:
  To be able to access and take advantage of an overdraft privilege To establish a strong relationship with the credit union and have access to other financial products

NEXT

Smart Track Checking members must score a 14/20 (70%) or higher on the CheckRight Quiz to be eligible to graduate to a No Monthly Fee Checking Account.*

Click 'Submit Form' to forward your CheckRight Quiz score to a Member Service Representative for review or return to the Smart Track Checking page to take the quiz again.

*Additional account eligibility criteria apply for account conversion. Visit the Smart Track Checking page for more details.