Which bank issued the first debit card in the United States in 1966?
Answer
Bank of Delaware
80 Credit Cards And Banking Products Trivia Questions with Answers
80 public questions with answers, drawn from the well. How many can you answer?
What does KYC mean in banking and credit-card applications?
Answer
Know Your Customer
Which bank introduced India’s first credit card in 1980?
Answer
Central Bank of India
Which credit-card feature lets a cardholder borrow cash directly from an ATM?
Answer
Cash advance
What is the first six to eight digits of a payment card number, identifying its issuer, called?
Answer
Bank identification number
Which U.S. savings product is protected by the FDIC but limits withdrawals through a fixed maturity date?
Answer
Certificate of deposit
What percentage-based figure expresses a credit card's yearly borrowing cost, including certain fees?
Answer
Annual percentage rate
Which U.S. government agency charters and supervises federally insured credit unions?
Answer
National Credit Union Administration
What is the banking product that lets customers borrow against the equity in their home through a reusable credit line called?
Answer
Home equity line of credit
Which organization insures eligible deposits at U.S. banks and was created by the Banking Act of 1933?
Answer
Federal Deposit Insurance Corporation
Which company created the original FICO credit-scoring system?
Answer
Fair Isaac Corporation
Which bank account combines savings interest with limited check-writing and debit-card access?
Answer
Money market account
In payment-card security, what does CVV stand for?
Answer
Card Verification Value
Which bank became the first federally insured Internet-only bank when it opened in 1995?
Answer
Security First Network Bank
What is the banking term for the interest rate paid on money held in a deposit account?
Answer
Deposit interest rate
What is the banking process of combining several loans into one new loan called?
Answer
Debt consolidation
What U.S. law governs electronic fund transfers such as ATM withdrawals and debit-card payments?
Answer
Electronic Fund Transfer Act
Which company launched the Maestro debit-card brand in 1991?
Answer
Mastercard
What does the acronym NFC mean in contactless bank-card payments?
Answer
Near-field communication
Which company introduced the first plastic charge card in 1959?
Answer
American Express
What is a bank account that combines checking features with higher interest usually called?
Answer
Money market account