Banks
This is the main purpose of a bank
What is protect & manage money?
Occurs when you spend more than what’s in your account
What is Overdraft Fee?
These member-owned institutions offer many of the same services as banks, but are nonprofit.
What is Credit Unions?
This line tells who will receive the money.
What is the “Pay to the Order of” line?
What is Drop Top Cruising the Streets?
This type of account is used for everyday spending and paying bills.
What is Checking's Account?
You can avoid this fee by using your bank’s own ATMs
What is ATM Fee?
Manages investments and helps people buy and sell stocks.
What is Brokerage Firms?
This must appear at the bottom right corner to make your check valid.
What is Signature?
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What is Jamaica?
You open this account to earn interest while saving money.
What is a Savings Account?
This monthly charge may appear just for keeping your account open.
What is Maintenance/Service Fee?
This type of loan is short-term, high-interest that can trap borrowers in debt.
What is Payday Loans?
This line lets you explain what the check is for.
What is the Memo Line?
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What is Wake up & Turn Swag On?
These banks operate entirely online and often have higher interest rates.
What is Online Banking?
You can often avoid maintenance fees by keeping a minimum balance or setting up this type of deposit.
What is Direct Deposit?
This federal agency insures money deposited in banks.
What is FDIC?
You should write this across a check if you make a mistake.
What is VOID?
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6'7
Type of Savings Account
What is a Certificate of Deposit?
You should review this document regularly to catch errors or fraud.
What is Bank Statement?
Commonly used by unbanked or underbanked individuals
What is Check Cashing?
The numbers at the bottom of a check identify these two things:
What are the routing and account numbers?
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What is G Herbo or Kur?