Category 1
what is an agreement made with a bank?
bank account
what account allows easy access to your money?
Checking account
Name two forms of identification
driver’s license, passport, Social security card, state ID, or a birth certificate.
every time you write a check or deposit a check your signature will be compared to what?
signature card
What are two Services that allow you to easily transfer money to friends and family with your phone?
PayPal, venmo, cashapp
what is a convenient and safe place to keep your money?
bank account
What is the best account to use for everyday spending, paying bills, and depositing money?
Checking account
Name one way to prove your address
lease, mortgage papers, or a utility bill
what can you use to keep track of your transactions?
Transaction register
what is the machine called that you can use your debit card to withdraw money from your account?
ATM
What are two things you can do with a bank account
deposit money and withdraw money
how many people have the same account number?
one
how much do most banks require for an opening deposit?
Most banks require between $25.00 and $100.00
what are three ways to use your checking account?
Deposits, checks and debit cards
when purchasing at a store what do you use to pay with your debit card?
POS terminal
what two accounts do most bank accounts include
checking and savings
What allows the bank to keep track of the activity on your checking account?
Account Number
What is ran that shows your banking history?
Special credit check
how many digits is your PIN number?
4
what are three ways to use a debit card?
in person, mobile app, online
what are you given when you open a checking account account?
account number
Name the things you need to open a banking account?
Identification, proof of address, opening deposit
what do you sign once your account is approved?
signature card
What does PIN stand for?
Personal Identification Number
what is the difference between a debit card and a credit card?
Debit card is taking money directly out from your bank account and credit card is money that you are borrowing and have to pay back