Account Types
You would use this account to pay bills.
What is checking?
The 2 places to find your check number.
What is top right corner and bottom right?
This type of loan is for a house or condo.
What is a mortgage?
A process of how you would like to spend money in relationship to your earnings.
What is a budget?
This is charged when you don't pay a loan or credit card on time.
What is a late fee?
You would use this account to save money because it earns interest and you can access it when needed.
What is savings?
Who the check is made out to.
What is the payee?
This allows you to buy now and pay later.
What is a credit card?
Cutting expenses so you have money left over every month. Not spending more than you earn.
What is living within your means?
This is another word for a checking deposit.
What is a credit?
You would use this account to save money that you don't need to have access to immediately. It earns more interest.
What is a CD or Certificate of Deposit?
What is an endorsement?
Money you pay to your lender for loaning you the money. This is how the bank makes money.
What is interest?
Rent, utilities, and loans are all examples of this type of expense.
What are fixed expenses?
This is another word for a checking payment or withdrawl.
What is a debit?
You would use this account to save for retirement.
What is an IRA?
A place to write extra information.
What is the memo line?
This score affects you ability to obtain a loan and the interest rate you are offered.
What is your credit score?
What is a budget?
You don't have enough money in your account to cover a payment or check.
What is NSF or Non Sufficient Funds?
The person or people you want to receive the money in your accounts after you die.
What is a beneficiary?
This has to be written in words on the dollars line.
What is the amount in dollars?
This loan requires collateral.
What is a secured loan?
This allows you to set long and short term financial goals.
What is budgeting?
The least amount of money you can keep in your account to avoid fees and possibly earn interest.
What is minimum daily balance?