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Free money test · ages 6 and up

Banking Quiz for Kids

10 quick questions with instant answers and explanations. No sign-up needed.

Professor Ledger, the Wealthonauts banking and contracts robot

This banking quiz for kids checks what you know about how banks work. What happens to money after you put it in a bank? How does interest help it grow? Answer ten friendly questions about accounts, loans, cards and safety, and see if you can get 8 or more right.

Anyone can take this free test. Ages 6 and up is just a starting point, so older kids, teens and grown-ups are welcome too. After each answer you will see a short explanation. The Great Banking Adventure follows Nova’s star coins through Star Bank with Professor Ledger to show the whole story.

What this test covers

  • Deposits, withdrawals and balances
  • Savings accounts and CDs
  • Interest and simple interest
  • How banks make loans and earn money
  • Deposit insurance
  • ATMs, PINs and fees

How it works: answer all 10 questions, then press “Check my answers.” Get 8 or more right to pass. You’ll see why each answer is right, plus what to read or take next. No sign-up needed, and your answers are not saved.

Take the test

Ages 6 and up — and anyone who wants to learn this.

  1. Question 1 of 10What is it called when you take money out of a bank account?
  2. Question 2 of 10Your balance is 20 coins. You deposit 6 coins, then take out 4. What is your new balance?
  3. Question 3 of 10A bank pays 5% interest a year. How much interest do 100 coins earn in one year?
  4. Question 4 of 10What is a certificate of deposit, or CD?
  5. Question 5 of 10Before a bank makes a loan, what does it check?
  6. Question 6 of 10Simple interest is paid on…
  7. Question 7 of 10What does deposit insurance do?
  8. Question 8 of 10Nova used an ATM that belongs to a different bank. What might that cost her?
  9. Question 9 of 10What should you do with your PIN?
  10. Question 10 of 10How does a bank earn much of its money?

Want to really understand it?

This test is based on The Great Banking Adventure, Book 08 of The Wealthonauts Adventures. Ages are a starting point, not a limit: plenty of teens and grown-ups are learning these ideas for the first time. Read the book online, take the matching Wealthonauts course, then come back and test yourself again.

More free tests: see all 12 money tests.