Bank Basics
A place where you can keep your money safe is called
A Bank
You put your paycheck into your bank account. What is this called?
Deposit
You can use this card to pay for things using money from your bank account.
Debit card
You have $100 in your account. Your phone bill is $35. How much will you have after paying the bill?
$65
You have $10 + $5 + $5 + $1. How much money do you have?
$21
This is the amount of money you currently have in your bank account
You take $20 out of your bank account. What is this called?
Withdrawal
What number do you enter when using your debit card at some stores or ATMs?
Pin
You have $150. You need to pay a $40 phone bill and a $20 water bill. How much is left?
$90
You have $50. You spend $17. How much money do you have left?
$33
True or false: A bank can help you keep your money safe.
True
You receive a paycheck and put $100 into your account. Deposit or withdrawal?
Deposit
True or False: You should share your debit card PIN with your coworkers.
False
You have $100. You pay a $25 bill, then spend $30 at the store. How much is left?
$45
You have $100. You spend $25, then receive $20. How much do you have now?
$95
Name ONE thing you can do at a bank
Deposit money, withdraw money, pay bills, or check your balance.
You need cash, so you take $40 from your bank account. Deposit or withdrawal?
Withdrawal
Where should you keep your PIN?
In a safe/private place.
Your account has $200. You need to pay a $75 bill. You also want to buy something that costs $150. Can you afford both?
No. You would need $225, but only have $200.
You have $200. You spend $35 on lunch, $25 on shoes, and $10 on a snack. How much is left?
$130
Your bank account shows that you have $150. What does the $150 represent?
Your balance.
You have $100 in your account and take out $20. How much is left?
$80
Someone asks you, “What is your debit card PIN?” What should you do?
Keep it private and don’t give it to them.
You have $150. You pay a $50 bill and then spend $20. How much do you have left?
$80
You start with $150. You spend $20, then $30, then deposit $50 into your account. After that, you spend $40. How much money do you have?
$110