Online or In Person?

By: Staff

4 Min Quiz

Image: refer to hsw

About This Quiz

Online banking is convenient, but is it really as safe as banking in person? After all, these transactions deal with our cash. So, what transactions should we be doing online or in person? Find out in our banking quiz.

Which bank was the first to announce iPhone check depositing?

In 2009, the USAA Bank was one of two to launch iPhone check depositing. Members can take pictures of both sides of a check with an iPhone and send a digital copy of the check to the bank to make a deposit.


Some Web sites use an encryption protocol to safeguard the data they send and receive. This protocol is called what?

This type of protocol is known as a Hypertext Transfer Protocol Secure, or HTTPS, and it's a form of Internet encryption designed to safeguard data transmissions.


About what percentage of U.S. households used online banking in 2010?

About 80 percent, or 72.5 million households used online banking in 2010.


About what percentage of U.S. households pay bills online as of 2010?

About 40 percent, or 36.4 million households paid bills online in 2010.


As of 2010, do more women or men use the Internet to carry out online bill paying transactions?

Women just barely squeaked past men, as 51 percent of online bill paying is carried out by women.


What is the most common age group of Internet bill payers?

35 to 54 year olds are the most likely group to use the Internet to pay bills.


In the year 2000, what method of payment was most popular?

Checks still reigned in 2000, and made up a whopping 61 percent of all transactions.


In the year 2010, what method of payment was most popular?

Believe it or not, checks still make up a large portion of financial transactions, and just barely beat out credit cards and other payment methods.


Which age range showed an 11 percent increase in online bill payment between 2002 and 2010?

Those 55 years and older have proven they are more open to Internet transactions, and increased their online payments by 11 percent between 2002 and 2010.


Many people use pay-by-phone services to pay bills. What service is most commonly paid for by phone?

Appropriately enough, cell phone bills are the most common bills paid by phone.


What does the FDIC call people in the United States who don't own bank accounts?

Those U.S. citizens who don't have money stored in a bank account are referred to as the "unbanked."


About how many households in the United States don't have bank accounts?

About 9 million U.S. households don't have money stored in bank accounts.


What percentage of billers offered promotions in 2010 to encourage customers to use e-bills instead of paper billing?

Since e-billing saves companies money on paper and postage, 25 percent offered their customers promotions in 2010 to encourage them to switch to electronic billing statements.


What is the most commonly cited reason that people prefer paper billing over e-bills?

Most people say they simply prefer paper billing because it helps them keep track of all their bills.


It's been estimated that unbanked workers can spend up to how much money in a lifetime on check-cashing fees?

Check-cashing fees can cost some unbanked workers up to $41,600 over a lifetime.


The FDIC aims to create "safe" bank accounts to encourage low-income families to open them. What is one of the primary draws of these accounts?

The FDIC hopes that eliminating overdraft fees will encourage low-income families to open bank accounts.


What Web site, from the owners of popular money management software Quicken, offers free money management online? is owned by Intuit, the company that produces Quicken. It offers free budgeting and money management online.


What kinds of payments on Black Friday via PayPal saw a 310 percent growth from 2009 to 2010?

Credit card payments on Black Friday via PayPal increased more than 300 percent between 2009 and 2010.


PayPal owns what percentage of global online payments?

At least 15 percent of all payments from across the globe made online are made through PayPal. That's a lot of payments!


Explore More Quizzes

About HowStuffWorks Play

How much do you know about dinosaurs? What is an octane rating? And how do you use a proper noun? Lucky for you, HowStuffWorks Play is here to help. Our award-winning website offers reliable, easy-to-understand explanations about how the world works. From fun quizzes that bring joy to your day, to compelling photography and fascinating lists, HowStuffWorks Play offers something for everyone. Sometimes we explain how stuff works, other times, we ask you, but we’re always exploring in the name of fun! Because learning is fun, so stick with us!