Lesson 1
Who are people who are unbanked?
Who are people who don't have bank accounts?
What are online banks?
What is internet banking where all transactions are online?
What do saving accounts do?
What is saving you cash safe and easy?
What is direct deposit?
What is the option to allow automatic electronic deposit of your payroll checks?
What does each letter in FDIC stand for?
What is the Federal Deposit Insurance Corporation?
What is a penalty charged if the account holder spends more than their account balance, causing the available balance to go below zero?
What is an overdraft fee?
What foundation is saving $500 emergency fund?
What is the First Foundation?
What amount of U.S. customers regularly use mobile banking?
What is 30%-50%?
How many Americans are unbanked?
What is 14 million?
What is an option offered by banks to cover overspending an account and then charge a fee for it?
What is overdraft protection?
At what age should you open a bank account?
What is ages 13-17?
What has the fastest transaction time out of debit card, tips, digital wallet, and checks?
What is debit card? (Transacts immediately)
What percent of borrowers use the cash from a payday lender for regular monthly expenses like rent or utilities?
What is 70%?
What is the average over draft fee?
What is $33.36?
What is liquidity?
What is how quickly you can access the money in an account or the value of an asset without a penalty or fee?
What is a checking account register?
What is a lined and divided journal to record checking account activity?
What is the independent federal agency that insures deposits in credit unions up to $250,000 is called?
What is NCUA?
What are retail banks?
What are for-profit financial institutions that accept deposits and offer a variety of deposit accounts and financial services?
What is offering checks, debit card, ATM access, payroll direct deposit, online banking with bill pay, and account transfers?
What is the process of making sure you and the bank agree on how much money is in you checking account?
What is reconciling?