Banking
Accepts deposits of money
What is a bank or credit union?
Ability to earn interest, depending on the account
What are savings and checking accounts?
Depositing money and keeping it there to earn interest
What is a savings account?
Money coming in that you had to work for
What is income?
Has members not customers
What is a Credit Union?
Owned by a minor (under 18 years old) but managed by an adult
What is a custodial account?
Keeping track of your deposits and withdrawals, reviewing account statements
What is managing a bank account?
Something you want to accomplish that relates to money
What is a financial goal?
Protects funds depositors place in federally insured banks in case of bank failure
What is Deposit Insurance (FDIC)?
What is a joint account?
For frequent use and multiple transactions - deposit money, make purchases, access cash
What is using a Checking Account?
a 3-digit number that shows how well you pay your debt
What is a Credit Score?
What are products and services available at financial institutions?
Verify your identity, make your first deposit, and activate account tools
What is applying for a bank account, in-person or online?
Money transfers to another person
What is Person to Person (P2P) payments.
(Cash App, Venmo, etc.)
How you think about money
What is a Money Mindset?