Bank Accounts
This kind of bank account you use to save up money for big purchases
Savings Account
True or False: A credit card takes money directly from your bank account
False
A debit card takes money straight from your bank account
True or False: Debit Cards and Credit Cards are the same
False
What do poeple use a transaction register for?
To keep track of their spending.
True or False- To sign up for online banking you need to go to the bank in person.
False
This kind of bank account is where you keep money for spending
Checking Account
Using your credit card is like taking out a short term...
Loan
When you use a debit card where does the money come from?
Your bank account
Putting money into your account is called a...
Deposit
What two types of information do you need to log in to your on-line bank account?
Username
Password
Name two types of identification you need to open a bank account
Birth Certificate
Social Security Card
License
State ID card
Why do most companies put a chip on your credit card?
For added security.
Name at least two things you can do at the ATM
Get Cash, Make a deposit, check balance
Taking money out of your account is called a...
Withdrawl
What is a security question?
Questions you need to answer as an added level of security
Name at least two ways to deposit money into your account
Deposit slip at the bank
Deposit at ATM
Direct Deposit (automatic deposit)
What happens if you don't pay off your credit card at the end of the month?
You are charged interest.
After you insert your card in the ATM or POS reader what do you need to do?
Type in your PIN (Personal Identification Number)
What do you call the amount of money you have in your account?
The Balance
Name at two advantages of using online banking
Easy access to your account
Money Transfers
Direct Deposit
Online Bill Pay
Name at least two ways to take money from your checking account.
Use debit card
ATM withdrawl
Withdrawl from bank
Write a check
How do you know how long your credit card is good for?
The expiration date.
Name at least two places you can use your debit card
ATM
POS terminal
Mobile App
Online
What does the NEW balance show in your account
How much money you have after a transaction
Name an online payment payment service that you can link a card to and use for added protection.
Paypal
Google Pay
Amazon Pay
Venmo
Square