Category 1
Category 2
Category 3
Category 4
Category 5
100
Automated teller machine; a machine that allows you to get access to your bank accounts, even if the bank is closed.
What is an ATM?
100
A written order that directs the bank to pay money.
What is a check?
100
The annual percentage amount you earn in a savings account or have to pay for on a credit card or other credit opportunity.
What is interest rate?
100
A place where you go to cash a check that charges you a fee to do so.
What is a check cashing store/outlet?
100
A state of owing more money than one can pay.
What is debt?
200
An institution where people keep their money that is for-profit and owned by investors.
What is a bank?
200
A record a person keeps of all credits and debits to her checking account.
What is a check register?
200
An interest bearing account people use to save money, as opposed to paying for everyday or monthly expenses.
What is a savings account?
200
A service banks and credit unions offer that allows customers to manage their money over the Internet instead of going to a branch.
What is online banking?
200
A term that describes a person who does not have a bank account and uses pay day loan stores and check cashing outlets.
What is underbanked or unbanked?
300
A federally insured service provided by banks and credit unions that allows individuals and businesses to deposit money and withdraw funds. It does not gain interest and is often used to make payments.
What is a checking account?
300
An ATM card that can be used to make purchases from a person’s checking account.
What is a debit card?
300
A business that advances people money on their upcoming paychecks for a hefty fee.
What is a payday loan store?
300
They may only serve a specific group of people such as people who live in a certain geographical area or have a certain career.
What are credit unions?
300
When you check your monthly bank statement against what you have recorded in your register.
What is balancing your checkbook?
400
A nonprofit financial institution that is owned by its members.
What is a credit union?
400
A service offered by some employers by which paychecks are deposited electronically into the employee’s account.
What is direct deposit?
400
These are the two things you do in your check register ONLY when you have written a check.
What is a check mark and the check number?
400
The process of taking money out of an account. The other word for "withdraw."
What is debit?
400
A reason it's safe to keep your money in the bank. It means that banks are not allowed to share your personal information.
What is confidential?
500
Money added to a person’s account, such as a paycheck. It is the other word for "deposit."
What is credit?
500
A service offered by some banks and credit unions for checking accounts to cover a check that would otherwise bounce. Once the customer has the money in his account again, the bank takes the money owed and charges a fee.
What is overdraft protection?
500
The function and meaning of the FDIC.
What is The Federal Deposit Insurance Corporation which insures money in your bank account up to $100,000?
500
The function and meaning of PIN.
What is Personal identification number the customer enters at the ATM to prove his or her identity?
500
The amount of money (in dollars) you would earn after one year if you put $500 into a savings account with 1% interest.
What is $505?
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