Bank on it
Name two main bank employee that work in most branches.
What is a manager, loan officer, teller, customer service representative.
If you want to borrow money at the bank, who would you speak to?
What is the Loan Officer
What is the income you earn before taxes and deductibles?
What is Gross pay.
Housing benefits, child tax credit, work tax credit, Job seekers allowence, income support, Employment and Support income (ESA)
Why would you complete and income and expenditure form?
if you are struggling to pay your debts or wanting to see where you are with your money
While shopping for a bank account, what is the first step?
What is to request written information about the account.
Why is it important to have credit? Give two examples.
What is A. It will allow you to buy a house or a large purchase. B. Emergencies. C. It is more convenient than cash.
What is the money you earn after taxes and deductibles?
What is Net Pay.
What is universal credit?
It is a new (ish) benefit to support people on low income in or out of work
What information do you put on an i&e?
What money you have coming in and what money you have going out (i.e. rent, bills)
What information will youneed to give the bank to open an account?
What is a valid photo id, driver's license, national insurance number, personal information, deposit.
What does the bank charge you for borrowing money from them?
What is interest, fees.
What are expenses that don't change each month called?
What is Fixed Expenses.
Monthly into your bank account
What does the bank do before a person can open an acocunt?
What is Check the customer's credit history. (verification)
What items will the bank accept as collateral?
What is Home, Automobile, Savings Account.
What are some examples of fixed expenses?
What is Rent, bus pass, car insurance, ederly care.
Can you be paid fornightly
Yes if you reach Tier 1 or Tier 2 requirements
What is non-essential spending?
Sweets, takeaways, magazines, DVD's nights out
What are two additional services you can receive at a bank?
What is direct deposit, money order, ATM, debit card, loans, on line banking, telephone banking.
What are the two types of interest rates?
What is Fixed and Variable.
What are some examples of flexible expenses?
What is Telephone, food shopping, entertainment, electric, gas bill (these can also be fixed)
T1Drug and alcohol addictions, learning diffuculties, severe or multiple debt problems, being in temporary or supported living, homlessness, DV, MH
T2 prison, no bank account, have history of rent arrears
Do you have to pay unsecured debts as a priority?
No