Banks/ Credit Unions
This Financial Organization can charge more fees and charges.
Banks
This account is good for everyday spending
Checking account
This account is associated with your debit card and it is similar to writing a check for each transaction
Checking account
State the difference between a credit card and a debit card
Debit card - paid instantly
Credit card - pay later, receive item immediately
This Loan helps you buy some wheels to drive
Car Loan
This Financial Organization Has fewer locations and ATM's.
Credit Union
This account allows you to earn a little interest over time.
Savings Account
This account allows you to save money for later
Savings account
What does PIN stand for?
Personal Identification Number
This is a safety and protection feature
This loan helps you pay for school
Student Loan
School Loan
This Financial Organization offer better interest rates for saving and loans
Credit unions
This account helps you pay for things and keep money safe and secure.
Checking account
For This account it is better to pay it on time so you dont owe more money.
Credit account
What should you consider when selecting a debit card?
Look for banks/credit unions with branches near you.
understand fees that may be charged for using an ATM, consider transfer fees when moving funds from savings to checking accounts.
select a debit card that will enable you to easily manage your purchases and pay your bills.
This Loan can be used for many things that you need anytime.
Personal Loan
This Financial Organization have better online banking and are open to the public and have more locations
Banks
This account lets you borrow money to pay back later
Credit account
This account is great for safe keeping for things want to buy in the future.
Savings account
List some protective features offered by debit card companies
PIN
over draft protection
fraud claims
This Loan must be paid back over years typically 15-30 years
Home/Mortgage Loan
This Financial Organization may require members to meet certain rules and regulations and Online access is less user friendly.
Credit unions
From this account you can use a debit card to take money out of ATM.
Checkings Account
For this account you must return the money you borrow plus interest
Credit accounts
List examples of things to be mindful of when using a debit card.
Keep track of your bank account balance
know what Bills need to be paid in the near future
If you overdraw your account, you will be charged with an overdraft fee.
For this Loan If it is not paid on time or if payment is past due the bank has a right to collect this from you.
Car Loan