Banking 101
What is a PIN
Personal Identification Number
What is the 3-4 digit number on the back of your credit/debit card called?
CVC- Card Verification Code
Name something you need a credit score for
Home Buying, Lending, Auto loans, credit cards, apartment hunting, etc
What does FDIC stand for?
Federal Deposit Insurance Corporation
What is the difference between a checking and savings account?
Checking is for checks and debit card, savings is not
What is the average rate on credit cards
19.57
Typical range of Credit score through Credit Bureau
300-850
What is the difference between an APY and APR
APY- Annual Percentage Yield- Savings (CDs MMAs)
APR- Annual Percentage Rate- Loans and Lines
What is the service I offer that allows me to come into your business and talk with your employees about finances
K@W Key at Work!!!!
What is the difference between a loan and a Line of credit
fixed set payment until paid off vs revolving line to pull and payback as needed (credit card, HELOC)
Name the Three major US credit bureaus
Equifax, Experian and Transunion
Who Should you go to if you ever have questions about Banking or Finances??
BARBARA!!!! :D