Banking
Are you allowed to use your bank card at different banking ATMs?
No you aren't allowed to use your bank card with different banking ATMs
If you have a low credit score and try to get a loan to buy a house, what would happen?
You would get denied for a loan because your credit score is too low, showing that you can't pay any bills or fees on time.
What money do you spend when you use a Debit Card?
Your own personal money
How much money does FDIC cover?
up to 250,000
What is a credit score?
A credit score shows your financial responsibility and creditworthiness
What does it mean when you get "pending" on your debit card?
A temporary hold on funds authorized by a merchant (like gas stations or hotels)
Name two ways someone can deposit money into a bank?
Direct Deposit, Bank ATM, Money check Deposit
The interest loses value in compounding, making it so you earn less money.
How would you avoid interest on a credit card?
What fee do you get when you overspend the money in your checking account?
OverDraft fee
6 per month
Secured cards require a cash deposit, which acts as the credit limit.
What is a Certificate of Deposit?
An account that pays a fixed interest rate on a deposit for a set term.
For an emergency account, how much money should you have saved up?
3-6 months for essential living
What should you do when your card gets stolen?
You should contact the issuer immediately to freeze the card