Requirements
Who can start an account with the Red Hawk bank?
An incoming freshman or any student enrolled at HHS.
Deposit
Money you put in.
Can it help you Avoid Debt
Yes, by having savings you can have money stored away to use instead of getting into debt.
Can it keep your money safe?
Yes, banking it allows your money to be kept safe and in a trusted facility that you have easy access to.
Do Banks lend money?
Banks provide loans to individuals and businesses for various purposes, such as purchasing homes, starting businesses, or covering other expenses
How much to start an account?
Minimum of $5
Withdrawl
Money you take out
Yes, by having money saved in case of an emergency it can help you not be so worried.
What are some benefits of having a debit card?
It can be easier to buy things online, and easier to set up auto payments.
Can banks create money?
Yes, banks create money when they lend out deposits, which can be used for purchases and then redeposited, continuing the cycle.
When can you deposit or withdraw money?
During 1st or 2nd lunch on a B day.
Checking account
A bank account that is for everyday transactions.
Can it help you create a budget?
Yes, When you get money knowing how much you can put away each month is beneficial to saving and creating a budget plan.
Yes by having a bank account it is easier to save money. You can get your paycheck and split it up into your checking and savings.
Banks count as?
How to start an account?
Come in during 1st or second lunch and talk to the bank workers or Mrs. Lindstrom about an account form.
Interest
Money that builds overtime from money you put in.
Can it help you accomplish life goals?
Is your money protected against fraud?
Yes, when banking there are federal laws to protect your money. If you only had cash you wouldn't be able to get money back if money was stolen.
Banks can facilitate what?
Banks enable payments through various methods, including checks, electronic transfers, and ATMs.
How often can you put or take money out?
Any day the bank is open.
Savings Account
Money you put in that is for emergencies or for later use.
Can it help you travel?
Yes, by having money set aside it can help you achieve a vacation or just a small getaway.
Can it help with saving and investing?
Yes, banks offer various savings accounts and investment options, allowing you to earn interest and grow your money over time.
What does it mean to take in funds.
It is deposit from those with money.