Checkings Account
how much do most banks require for an opening deposit?
What is between $25 - $100
what two accounts do most bank accounts include
What is Checking and Savings Accounts
Name two forms of identification
What is driver’s license, passport, Social security card, state ID, or a birth certificate.
A card used to make payments and purchases and/or use at the ATM.
What is Debit Card
Josh received his paycheck and decided to open an account just for spending. Which account Should he open?
What is Checking Account
What are two things you can do with a bank account
What is Deposit Money and Withdrawal Money
a type of savings account that offers significantly higher interest rates than traditional savings accounts.
What is a High- Yield Savings Account
how many digits is your PIN number?
What is 4
What account allows easy access to you money?
What is Checking Account
True or False:
The recipient of a check signs the bottom of the check.
What is FALSE
how many people have the same account number?
What is One
Financial experts recommend saving three to six months of living expenses to cover unexpected costs
What is Emergency Fund
What are two Services that allow you to easily transfer money to friends and family with your phone?
What is PayPal, venmo, cashapp
The amount of money you have in your bank account
What is Bank Balance
What does ATM stand for?
What is Automated Teller Machine
what do you sign once your account is approved?
What is Signature Card
True or False:
Do savings accounts limit the number of monthly transactions?
What is TRUE
Name 2 online banks?
What is SoFI, Chime, Ally, Varo
Which financial institution is non-profit?
What is Credit Union
How can you track a check?
What is a Check Number
what are you given when you open a checking account account?
What is an Account Number
If you have $10,000 balance in you HYSA with a 4% APY, how much will you generate annually?
What is $400 in a year
What is 1 Pro and 1 Con of Online Banking?
What is Pro: 24/7 Access, environmental impact, cost reduction Con: Frauds, can't access with no internet
Name the things you need to open a banking account?
What is Identification, proof of address, opening deposit
How would you write the amount
$5,463.14
What is FIVE THOUSAND FOUR HUNDRED SIXTY THREE 14/100