Vocabulary
Interest
A deposit to your account (increases/decreases) the balance
The two most common types of bank account are ____ and savings accounts.
Checking
Name 2 advantages of a debit card.
What is convenient and small?
These are three examples of wild mammals
Ex. Mice, deer, wolves, lions, giraffes, dolphins
When you try to spend more money than you have in your checking account, you _______
Overdraft (or overdrawn)
A withdrawal from your checking account (increases/decreases) the balance.
These are two examples of actions you can perform via mobile banking.
Ex: Check your balance, transfer funds, receive direct deposit, make person-to-person payments
When you sign the back of a check.
What is endorse?
When you mix red paint and yellow paint, you get this.
Orange paint
The word for how much money you have in your account.
What is balance?
(True/false) A debit card helps you build your credit score
False, a debit card and checking account don't build your credit score
The interest a bank pays you on the money in your checking account is typically this much.
Zero (or very little.)
A debit card (or ATM card)
This holiday was originally the ancient Celtic festival of Samhain, the day when the veil to the afterlife was said to be the thinnest.
Halloween
What does PIN stand for when using a debit card
What is a Personal Identification Number?
To sign up for direct deposit, your employer needs what two things?
The routing number (or FIN) and the account number.
What is an example of automatic online bill pay?
Ex: Sign up to have your electric bill paid monthly from your checking account
What does LASER stand for?
Light Amplification by Stimulated Emission of Radiation
A term used for a check that you do not have enough money in your account to cover.
What is bounced check?
How much interest would $2500 earn in a year in an account with 0.2% interest?
(2500*.002)
$5
If you DO NOT have overdraft protection, and you use your credit card at the grocery store for more than you have in your checking account, what will happen?
The card will be declined and you won't be able to buy the groceries.
Name two reasons why you should balance your account.
Real-time balance if kept up-to-date
Avoid account closure
Identify unauthorized transactions
Increase savings
Avoid financial institution fees
This song has sold the most copies in history.