Online Banking
A way to do your banking from anywhere you have access to internet
What is online banking?
An account that you use to set aside money for future purchases
What is a savings?
A number calculated by credit bureaus that determines how likely you are to pay back a loan or credit card
What is a credit score?
401Ks, IRAs, assets, and pension.
What are different retirement plans?
Allows you to deposit checks when you are unable to go to the bank
What is mobile deposit?
An account you can get a debit card to make purchases
What is a checking account?
Late payments, leaving bills unpaid, over using credit cards
What makes a bad credit score..?
An option for people who do not get a retirement plan through their employer.
What is a Roth IRA?
A monthly review of your transactions right through your email or mobile app
What are electronic statements?
Spending more money than you have in your account results in this
What is an overdraft?
*Bonus* What does an overdraft cost?
Making your payments on time, every time, and using your credit cards minimally
What makes a good credit score?
The amount of income you have after taxes and deductions are taken out.
What is your taxable income?
*Bonus* What is gross income?
A service through your online banking that tracks and allows you to pay your bills in one secure place
What is online billpay?
An account that pays you money to maintain a certain balance
What is an interest-bearing savings?
*Bonus* What are some different savings you know of/have?
The percentage a bank charges you to take a loan out, based on your credit score.
What is an interest rate?
The maximum amount you can put into a retirement account each year.
What is your maximum contribution?