Accounts
This is what it means to endorse a check
What is "to sign?"
One type of financial institution that allows you to save your money, use their website to pay bills, and speak with someone in person.
What is a brick and mortar bank or a credit union?
This is the name of the type of card the bank gives you to take out money.
What is a debit card?
This term means to have your wages transferred into your bank account by payday.
What is direct deposit?
You would use this financial strategy to achieve long-term goals.
What is investing?
This is the type of bank account you would use for everyday purchases, like rent and food.
If you use this type of bank, you will receive higher interest on your money, but you might not be able to deposit cash.
What is an online savings bank?
These are two tips for having a secure PIN (personal identification number).
What are not choosing a number others can figure out (eg, birthday), not sharing your PIN with anyone else, not letting anyone else use your PIN?
True or False: Most banks require you to be 18 or older to open your own account without a parent or guardian
What is true?
BEFORE you can take risks with your money, you need to create ________________________ with it.
What is "savings?"
This is the type of bank account you would use for emergencies and longer term goals.
What is savings?
This type of financial institution can provide you with money immediately, does not require an account, but gives you a bad deal.
What is a cash advance place or payday lender?
These are two tips for being safe while using an ATM.
What are: choosing an ATM in a well lit area, being aware of your surroundings, being aware of suspicious-looking people watching for your PIN, looking for signs of tampering with the ATM, shielding the keypad from others, or keeping track of the money in your account?
This is what you should do if something doesn't look right in your account or on your bank statement.
What is, "Contact your financial institution?"
This is one example of a long term financial goal.
What is saving for retirement or to pay for the education of one's child (e.g., college)?
True or false: When you keep your money in a bank account, they use your money to make loans to other customers.
What is true?
These are three things you need to open a bank account.
What are: an official ID, a social security card, and some money?
When you use an ATM card to get cash, this is where the money comes from.
What is "your bank account?"
In banking, this is what "withdrawal" means.
What is "to take money out?"
This is one example of a short term financial goal
What is buying a car or saving for emergencies?
What is FDIC insurance?
This is what the routing number on a check tells you.
What is the specific bank or financial institution?
This is the name used for taking out more money from the bank than you have in your account.
What is "overdraft?"
The money you have in each account is guaranteed up to this amount.
What is $250,000?
These are two specific financial vehicles people purchase to make money over the long term
What are stocks, bonds, mutual funds, or index funds?