General
Cash vs check
cash is in dollar form, check come directly out of checking account
What is Debt to income ratio
Amount of debt you have divided by income
When are banks closed?
Federal Holidays
Name 2 ways a person can use a bank.
What is Saving, borrowing, paying bill or managing money
A checkings and saving account
one is an account that is made for spending the money you put in the account, the other is for saving money
Money in dollar or coin form
cash
Credit that is "store specific" and is available anytime you are below the credit limit
Line of Credit
Name 3 different banks
Lakeland, Chase, Wells Fargo, TD Bank
What are two different accounts you can have at a bank
checking and savings
Check register vs online banking
check register is paper form, online banking is all online
written, dated, and signed paper form of money
check
This type of credit involves buying a home
Mortgage
What does ATM stand for?
automated teller machine
what is 1 job you could have at a bank
bank teller, manager, accountant
What is the difference between direct deposit and an overdraft
Direct deposit When money is automatically put in a bank account; Overdraft A bank term that means you charged for money that you didn't have
payment card that deducts money directly from a consumer's checking account
Debit Card
Money that the financial institution allows you to borrow. Must be paid back and typically with interest.
A loan
loan that exists in case you overdraw your checking account
overdraft protection
What is something you could go to at a bank even after hours
ATM
A debit card and a credit card
What is a check card only uses the money in which one a person has in a bank. A credit card uses the money in which a person borrowed from the place in which they received the card.
a rectangular piece of plastic issued by a bank
credit card
This is the most common type of credit that we deal with in our lives
Credit Cards
The money that you currently owe (cars, house, loans, etc.) is considered to be your...
outstanding debt