A card used to make purchases with money you don’t have.
What is a Credit Card?
100
Many depository institutions have developed apps that allow online banking access from devices such as smartphones, tablets and other mobile devices. This is a
form of online banking known as ____ ____.
What is Mobile Banking?
100
A fee charged if you withdraw more money from your account than is available.
What is Overdraft Fee?
100
Borrow money from the financial institution in exchange for your promise to repay those funds in the future.
What is Credit?
100
This is a big part in choosing a Depository Institution.
What is a Fee?
200
A card that spends your personal money in your checking account without having to have cash.
What is a Debit Card?
200
Credit Unions are owned by ____.
What is Customers?
200
Allows customers to complete certain transactions from a secured Internet site by using a username and password from any place in the world with Internet access.
What is Online Banking?
200
By agreeing to these loan terms you will agree to pay the depository institution back the money borrowed plus ___.
What is Interest?
200
A fee charged if you withdraw more money from your account than is available.
What is a Overdraft Fee?
300
A personal account that you put money into to keep in case of emergency or to earn interest on.
What is a Savings Account?
300
Tools used to spend money without jeopardizing your finances.
What is a Savings Tool?
300
If your account goes below the minimum balance you will be charged fee.
What is a Minimum Balance Fee?
300
You must have this with a bank to receive any credit.
What is an Account?
300
A charge for using an ATM that is with another company.
What is an ATM Fee?
400
What is the maximum amount of money that can be insured per an account?
What is $250,000?
400
You can access your money from anywhere as long as there is one of these...
What is an ATM?
400
Transaction completed with no physical connection between the payment device and the physical point of sale.
What is Contactless Payment?
400
The institution will also determine the amount of time you have to repay.
What is Closed - Ended Credit?
400
If you go below your minimum account balance you get this ___.
What is a Minimum Balance Fee?
500
What is a service offered to help people save.
What is Financial Advice?
500
Checking accounts at credit unions are known as ___ ___accounts. This type of account also provides an easy method for accessing your money.
What is Share Draft?
500
A secured box at a depository institution that you can use to store valuable personal items.
What is a Safe-Deposit Box?
500
The financial institution will determine whether you ___ for the loan based on their assessment of the likelihood that you will repay as agreed.