Checking Accounts
A fee is charged when your account balance drops below________.
What is $0.00?
True or false. The purchases you make with your debit card will show up on your credit report.
What is false?
Money you put in a savings account grows because it earns ___________.
What is interest?
The type of card you can accrue interest on if you don't pay your balance in full.
What is a credit card?
You should stay away from payday loans. True or False
What is true?
The type of card associated with a checking account.
What is a debit card?
A recording of your payment history and outstanding bills that people would consult if you wanted a loan, rental or new car is called this.
What is a credit report?
This type of interest-bearing account is held at the bank and cannot have a debit card or check.
What is a savings account?
You would use this type of card to get cash back from Casey's.
What is a debit card?
Name at least one of the 3 major credit bureaus.
What is Experian, Equifax, TransUnion?
Banks offer features at a cost, or charge ________________ when requirements aren’t met.
What are Fees?
A person who takes and uses a sum of money under an agreement to pay it back.
What is a borrower?
An amount of money that a company pays its shareholders from its profits is called _____________.
What is a dividend?
Debit and Credit Cards are made out of this material.
What is plastic?
Money that you have borrowed to purchase a vehicle.
What is a car loan?
The amount of money an account must have before a fee is charged.
What is account minimum?
A bank, financial institution, or person who loans out money.
Who is a lender?
The moto for investing is: Buy it __________, sell it ______________.
What is low and high?
You purchase something with your debit card but did not have enough funds in your checking account to pay for it. Now you might have to pay this type of fee.
What is an overdraft fee?
When you borrow money, you have to pay it back with__________.
What is interest?
Mr. S has $3,600 in his checking account. How much in fees will Mr. S have to pay GNB Bank if they charge a fee of 1% of your checking balance.
What is $36?
Negative accounts remain on the report for up to______ years.
What is 7?
Investing in many different companies and types of investments means you have a __________ portfolio.
What is diversified?
5243 is typed into the keypad to make a transaction. This is what type of number.
What is a PIN?
Name one GNB Bank lender.
Who is _______?