Describe the difference between credit and debit card.

Man is counting money, and playing with them with his fingerYou will most likely get at least a couple of technical questions in your interview. Actually, it is not required to have relevant education, or extensive knowledge of banking products to get this job. Your personality, motivation, sales skills, and attitude matter the most. 

What is more, each bank has a training program for new hires, and you will learn everything you need to know about their portfolio before starting in your new job–if they hire you at first….

But still, the simple technical questions help us to understand a few things about you.

  • Do you have a financial literacy?
  • Do you use a correct terminology when speaking about financial products?
  • Can you explain things in a simple way which every client of our bank would understand?

Sample answer

The fundamental difference between a debit card and a credit card is where the cards pull the money. A debit card takes it from you banking account and a credit card charges it to your line of credit. Debit card is a standard instrument I would offer to every single client who has an account, or want to open one, for their convenience. Clients who experience short terms of insolvency, may consider getting a credit card as well, especially if we can offer them good interest rates.

A difficult interview

J. Groner, authorTwenty job applicants, twenty tough questions, and a role play to test your sales skills. Will you be the one who gets the job? Can you convince us that you are better than the other job applicants, and that we should hire you, and not one of them?

If you want to be sure that you did everything you could to succeed in your interview, have a look at my eBook, the Personal Banker Interview Guide. You will learn how to answer every difficult question, how to convince the interviewers to hire you, and how to flourish in a role play, the most difficult part of this four-stages interview process.

Thank you, and good luck!

Jack Groner, Your personal interview coach