Fees
This type of bank account does not usually charge fees if you don't withdraw your funds early.
What is a Certificate of Deposit (CD).
This type of account allows you both to withdraw money and deposit money.
What is a checking account?
The amount of money you have in your account.
What is your balance or account balance?
An ATM card is tied to which type of bank account?
What is a checking account?
A photo ID and/or your Social Security card.
What are items you need to open a bank account?
This type of fee is charged when you spend more than you actually have in your account.
What is a NSF (non sufficient funds) fee?
This happens if you withdraw money early out of your Certificate of Deposit.
What is a penalty or fee?
The organization that insures bank deposits.
What is the FDIC?
You confirm payment with your debit card by doing this.
What is signing a receipt?
These give you access to a line of debt issued by a bank.
What is a credit card?
You can avoid paying ATM bank fees by doing this.
What is using your own bank's ATM machine?
A non profit banking institution that is owned and controlled by its account holders.
What is a credit union?
Some banks will not allow you to open an account without this.
What is a minimum dollar amount?
ATM stands for this.
What is automated teller machine?
Banks use these for customers to store important documents, papers and valuables.
What are safety deposit boxes?
NSF stands for this.
Non Sufficient Funds.
This happens when you open an account at a credit union.
What is you become a member of it.
This is calculated only on the principle that you have deposited in your account.
What is simple interest?
You should do this if you find you can't pay your student loan with your debit card.
What is registering your checking account with your student loan's bank.
This type of account allows co-owners equal access to the account.
What is a joint checking account?
You can avoid this type of fee by having your paycheck directly deposited into your account
What is a monthly service fee?
This type of account often requires a minimum balance and limits how much you can withdraw every month.
What is a money market account?
FDIC stands for this.
Federal Depositor Insurance Corporation.
A point-of-sale terminal at a store, using your personal identification number (PIN).
What is an ATM machine?
The name of the organization that insures most credit unions.
What is the National Credit Union Administration (NCUA)?