Checking Accounts
When opening a checking account, you can attach this kind of bank card to it.
What is a Check Card or Debit Card
This type of financial institution has members that are also considered part-owners.
What are credit unions
When using a debit card for purchases, you are required to enter this information at the register
What is a PIN number
What does IRA stand for?
What is Individual Retirement Account
Checking account bank statements are given to customers how often each year?
What is monthly
This is the most common type of Check Endorsement customers use when transacting a check.
What is a Blank Endorsement
This government insurance product was issued during the Great Depression to protect Americans from losing money if a bank failed.
What is the FDIC
This ATM location is where a customer can go to avoid non-network ATM fees
What is a branch/bank location
Once you turn 18, you are eligible to open this type of banking card by yourself.
What is a credit card
Each bank statement has these balancing figures for the customer to review
What is the beginning balance and the ending balance
What is the average overdraft fee being charged by banks and credit unions
What is $33.58
While banks typically offer greater convenience on their products and services, credit unions offer this as a competitive advantage.
What are higher savings rates and lower loan rates
What is getting cash back.
A typical car loan term or length of time used by banks is this.
What is 60 months
Other than listing withdrawals and deposits, bank statements also show this important information to the customer
What are charged bank fees
DAILY DOUBLE!!!
Other than attaching a credit product, this is another acceptable account that can be used for overdraft protection
What is a Savings Account?
To be eligible to be a member of a credit union, you need to be able to able to prove this requirement.
What is required affiliation.
How many debit cards can you link to your checking account?
What is one for each authorized user.
DAILY DOUBLE!!!
Other than a savings account, banks and credit unions offer this kind of product that offers a higher interest rate and multiple term options
What are certificate of deposits (CD's)
When reviewing a bank statement, a customer should be on the look out for criminal activity which is typically called.
What is bank fraud.
When writing a check, this is the LAST thing a person should do.
What is signing it.
A customer should review this document before opening an account with a bank or credit union
What is a fee schedule
What is non-sufficient funds
This basic account earns the customer a small amount of interest each month and has quarterly bank statements
What are Savings Accounts
DAILY DOUBLE!!!
When noticing an account is overdrawn, this is the first thing a customer should do.
What is put enough money into the account to get it current