Saving
A container that is used to store coins.
What is a PIGGY BANK?
This is a tool that is used to make purchases at a store or online and money is taken directly from your account.
What is a DEBIT CARD?
This is what you open when you want to borrow money to buy something big like a car or a house.
What is a LOAN?
This tool allows you to look at your accounts, transfer money, deposit checks from home, and pay other people.
What is your MOBILE BANKING APP?
A place that is used to deposit your money and keep it safe until you need it.
What is a CREDIT UNION or BANK?
This is a machine that is used to take money from your account and give you actual cash.
What is an ATM?
This is a plastic card that you can use to make purchases. It allows you to borrow money from the financial institution and then pay it back afterwards.
What is a CREDIT CARD?
This is the type of account you can use to manage your money. It allows you to make deposits and it allows you to spend money from the account with tools like a debit card.
What is a CHECKING or TRANSACTIONAL ACCOUNT?
Money that is earned when you deposit dollars into a savings account.
What is INTEREST?
These are the three different ways a credit card can be read when you purchase something at a store.
What is TAP, SWIPE, or INSERT CHIP?
This is what you pay the bank when they allow you to borrow money to buy something that you may not have the money for right now. It is paid over time little by little.
What is INTEREST?
This puts money you earn directly into your bank account without having to bring checks or cash to the bank. Most often this is how people receive their paychecks.
What is DIRECT DEPOSIT?