Money in your checking account should be used for emergencies only. True or False
False- checking account money should be used for everyday things, like bills or money to go out to dinner
The money that you get out of the ATM comes from this account: checking or savings
Checking
The minimum age for opening a checkings account.
What is 18 years old?
You can take money out of your checking account _________ many times per month
Unlimited- you can take money from your checking account as many times as you want every month
This person is on the $10.00 bill.
Who is Alexander Hamilton?
A proportion of the money lent to a person for a loan at an agreed rate
What is interest rate?
What happens when you spend more money than you have in your checking account?
You bounce a check/ your debit card will be declined
There are two ways to open a bank account.
What is in-person or online?
A customer can take a picture of their check and deposit it from their mobile device.
What is mobile check capture?
True or False: If you lose your debit card, then you must pay a fee to have it replaced
False: Most banks will not charge you a fee to have your card your replaced if you lose it or it is stolen