Banks
This helps you manage your money and keep it safe.
What is a bank?
The purpose of a savings account
What are long-term savings goals?
Avoid errors in your checking account by monitoring your account at least this many times each week.
What is twice?
Downside of online banking.
What is a lack of personal customer service?
Full names for FDIC and NCUA.
What are Federal Deposit Insurance Corporation and National Credit Union Administration?
FDIC and NCUA insure up to this amount of money in the bank for each account.
What is $250,000?
A good location for your emergency fund.
What is a checking account, savings account, or money market account?
Monthly activity to verify accuracy in tracking your money.
Typical advantages of a small, local bank.
What are better customer service and lower fees?
Excuses people give for not having a bank account.
What are distrust, unemployment, and bank fees?
Three services offered by a bank.
What are mortgages (loans), check writing (money transfers), and debit cards?
A debit card, ATM access, payroll direct deposit, and checks are basic features of this kind of account.
What is a checking account?
Two responsible monthly money habits that get easier the more you do them.
What are budgeting and reconciling accounts?
Convenient access to your money involves these two features/services.
What are mobile banking apps and plenty of ATM locations?
A miniature, automatic loan which occurs when you try to spend more money than is in your bank account.
What is overdraft protection?
The chief difference between retail banks and credit unions.
What are specific membership criteria?
How quickly and easily you can access your money.
What is liquidity?
On a bank statement, "pending" means this.
What is a not yet fully processed transaction?
Items to research about a bank before choosing one.
What are fees and services offered?
Where the interest the bank pays into your account comes from.
What is their investments of your money?
This is how banks make money.
What are investing their customers' money, interest on loans, and various fees?
Withdrawing money before an agreed upon term earns you a penalty with this kind of account.
What is a CD (certificate of deposit)?
Reconciling an account is easiest if you do this throughout the month.
What is tracking your expenses?
All predatory financial services have this in common.
What is causing their customers to lose money?
A bank doesn't allow you to open an account because you handle money poorly and could not pass their financial background check.
What is being blacklisted?