Safe or Not Safe?
Keeping your money in an FDIC-insured bank.
What is safe?
A card you use at an ATM to get money or check your balance.
What is a debit card?
You write checks and use a debit card with this type of account.
What is a checking account?
The secret number you need to use your bank card.
What is a PIN?
This is the money a bank gives you for keeping your money in a savings account.
What is interest?
Sharing your ATM PIN with a friend.
What is not safe?
You sign it and give it to someone to pay for something.
What is a check?
You use this type of account to save money and earn interest.
What is a savings account?
This is used to record the money you’re putting into your account.
What is a deposit slip?
A loan is money you borrow. This is what you pay to use it.
What is interest or finance charge?
Using a check cashing store that charges 10% to get your paycheck.
What is not safe?
You prepay for this to give someone guaranteed money.
What is a money order?
Your paycheck is sent straight to your account this way.
What is direct deposit?
A check that has been paid and returned by the bank.
What is a canceled check?
This score tells lenders how likely you are to repay your loan.
What is a credit score?
Keeping valuables in a bank’s safe-deposit box.
What is safe?
You buy this at a bank, and it earns interest over a fixed time.
What is a Certificate of Deposit (CD)?
This happens when you spend more than what’s in your account.
What is an overdraft?
You do this when your checkbook doesn’t match your bank statement.
What is reconciling?
This is a safe government investment where you pay $25 now and get $50 later.
What is a savings bond?
Depositing a $10,000 cash gift without telling the bank where it came from.
What is not safe?
A safe place at a bank to store your birth certificate or jewelry.
What is a safe-deposit box?
These small charges (like ATM or monthly service) add up.
What are banking fees?
A paper form of payment that is safe and prepaid.
What is a money order?
Buying a CD or a bond is this type of money decision.
What is investing?