Money Words
What do we call the extra money the bank gives you for keeping your money in savings?
What is Interest?
Which account is best for everyday spending?
What is a checking account?
Is it better to choose a bank with lots of ATMs or no ATMs near you?
What is lots of ATMs?
Is saving money a good idea or a bad idea?
What is a good idea?
What should you do before spending money on something big?
What is Think about if you really need it!
What do we call it when you take money out of your account?
What is a withdrawal?
Which account helps you save money and earn a little extra?
What is a savings account?
What should you check to make sure you won’t get charged for keeping your account open?
What are monthly fees?
How many times per month can you usually take money out of a savings account?
What is 6 times?
If an ATM charges you $3 to take out your money, what should you do?
What is find an ATM from your own bank!
What’s it called when you put money into your account?
What is a Deposit?
True or False: A savings account lets you take out money as much as you want every day.
What is False! There are limits!
What is something helpful a banking app can do?
What is deposit checks, send alerts, or freeze your card?
If a savings account earns less than 1% interest, is that a little or a lot?
What is a little!
True or False: Overdraft protection means the bank helps if you spend too much — but sometimes for a fee.
What is true!
If you spend more money than you have in your account, what might the bank charge you?
What is an overdraft fee?
Which account locks your money away for a certain time, like 6 months or 1 year?
What is CD? (Certificate of Deposit)
True or False: You should always spend all your money as soon as you get it.
What is False! Save some!
True or False: Online banks can give you more interest than big banks.
What is true?
If your checking account charges you $10 each month, what could you ask the bank about?
What is how to avoid the fee, like using direct deposit!
What does “mobile deposit” let you do with your phone?
What is deposit a check by taking a photo?
What kind of account is a mix between a checking and a savings account?
What is a money market account?
What does APY tell you?
How much money you can earn from interest in a year!
Why is it smart to have a savings account?
What is so your money can grow and be safe!
Is it smart to check your balance often?
What is Yes! Always know where your money’s at!