Show:
Vocabulary
Transactions
ATM
Safety
Credit / Debit
100
Term for putting money INTO your bank account
What is DEPOSIT
100
You must fill out a deposit slip to complete this transaction. (What are you doing when you deposit to your account?)
What is putting money into your account.
100
The initials ATM stand for what?
What is automated teller machine.
100
Always keep these cards in a safe place!
What is debit card and credit card.
100
A credit card allows you to make _______________ now and _______ later.
What is purchases now and Pay later.
200
Term for taking money OUT of your bank account
What is withdrawl
200
Filling out a withdrawl form at the bank is one way to complete this transaction.
What is take money out of your account.
200
Additional ______ can be added to your ATM transaction.
What is fees.
200
If you lose your debit card, what should you do?
What is report it immediately (call your bank).
200
When you use this type of card money is automatically transferred from your bank account.
What is debit card
300
The term "funds" means the same as this term.
What is "money" or "your money"
300
This type of bank account allows easy access to your funds.
What is checking (account).
300
True or False: Your Debit card can be used in an ATM machine.
What is true
300
If you lose a credit card and you still owe money on it, will your new card erase that debt?
What is no.
300
If you make a purchase with your debit card and don't have enough money in your bank account, what will happen?
What is your purchase will be denied.
400
The term for the fee you must pay if you do not pay off your entire credit card bill at the end of the month.
What is interest.
400
Name one way to access money from your savings account.
What is Automated Teller Machine, transfer money online (electronic transfer) or withdraw at bank.
400
If you withdraw $20 at an ATM and there is a $3.00 fee, how much cash will actually be spit out by the machine?
What is $20.00
400
If you report your debit or credit card lost within this amount of time, the bank will cover all but $50 of fraudulent spending.
What is 48 hours.
400
If you make a purchase with your credit card and don't have enough money in your bank account what happens?
What is you must pay interest. OR The purchase will still go through, credit cards aren't connected to your bank account, so they won't know if you have money in the bank or not!
500
This is the term for moving funds from your bank account using the internet.
What is electronic transfer
500
What are three ways you can withdraw money from your checking account?
What is (any three): ATM / Use debit card at store/ Use debit card online / Checks / Electronic Transfer
500
Explain why you might be charged an additional fee for using an ATM machine.
What is if you use the ATM machine of another bank.
500
What happened to Ms. Zimmer the last time she was questioned about using Mr. Ayers' credit card?
What is the clerk checked her ID, but never asked her why her name was different than that on the credit card. Duh!
500
15%
What is the average interest rate for credit cards in the U.S.