Banking
What are the three account categories?
Checking, Savings, and Lending
How many credit bureaus are there?
3
What kind of account allows you to earn interest?
Savings accounts
How can you keep yourself aware of what's happening with your account?
Set up alerts
What amount is insured per individual by the FDIC?
$250,000
What does ATM stand for?
Automated Teller Machine
What range can your credit score fall in?
300 - 850
Name two reasons to save
Retirement
Emergency Fund
Education
Buying something
Traveling
Starting a business
If something is wrong, what do you do?
File a dispute
What is it called when you take money out of the bank?
Withdrawal
What organization provides protection for your money when it is at the bank?
Federal Deposit Insurance Corporation (FDIC)
A number that tells lenders how likely you are to repay your debt
Credit Score
When you get paid, who do you pay first?
Yourself
Name three things you can do to protect your money
Open a bank account
Check your statements
Use the bank app
Set up alerts
Have more than 1 account
Keep your spending account balance low
Use a credit card
Use a PIN
Don't share any information or passwords
Educate yourself
What's the best way to have a good credit score?
Who owns a credit union?
The members who use it
Why are credit cards sometimes safer to use than debit cards?
A credit card is the bank's money, a debit card is your own money
What is it called when the bank gives you money to say 'Thank you' for keeping your money here?
Interest
A good motto to protect yourself from fraud is...
If it sounds too good to be true, then it is
What is the fee you have to pay when you borrow money from the bank?
Interest
What acronym do you use to properly read a check?
"Z to see"
Name the three credit bureaus
Experian
Equifax
TransUnion
How much of your income should you pay yourself?
20%
What is the name of the service that watches your credit score and helps protect your from fraud?
Identity Alert
What is the name of our bank?
Fifth Third Bank