Show:
Credit Cards
Debit Cards
Bank Terms
Savings Account
Checking Accounts
100
You are actually borrowing money from a credit card company when you purchase something using a credit card
True
100
Who distributes debit cards? Companies or the bank?
The bank
100
What is the word that means adding money to your checking or savings account?
Deposit
100

True or False: Savings accounts earn you interest over time. 

True

100

Money in your checking account should be used for emergencies only. True or False

False- checking account money should be used for everyday things, like bills or money to go out to dinner

200
A credit card company will send you a bill how many times per month?
Once or every 30 days
200

What can you use debit cards in place of?

Cash

200
What is it called when you take money out of your checking or savings account? Also known as any time you have an interaction with a bank.
Transaction
200

The number of ______________ (taking money out of the account) is limited with a savings account or you will be charged a fee.

Withdrawals

200

The money that you get out of the ATM comes from this account: checking or savings

Checking

300
What is an example of a credit card company/provider?
American Express, Discover, Mastercard
300

What happens if you use an ATM out of network?

You are charged a fee

300
What is it called when you take money out of your checking or savings account?
Withdrawal
300

The primary purpose of a savings account is to spend money for everyday things like bills. True or False

False- the purpose of a savings account is to save money

300

You can take money out of your checking account _________ many times per month

Unlimited- you can take money from your checking account as many times as you want every month

400
What is the money that you pay for every dollar that you spend? Usually represented by a percent. When you sign up for a credit card, this is the __________ rate that you will pay per month.
Interest
400

When you purchase something with your debit card, the money you spend does not come out of your account until the end of the week. True or False

False: the money comes out of your account immediately

400
When you have less money in your checking account than you actually spent. You are spending more than you have. What is that money known as? You will bounce a check when this happens
Insufficient funds, Non sufficient funds
400
What is a short term and a long term savings goal? 

Short- Phone, shoes, computer


Long- School, Car, or house

400

What happens when you spend more money than you have in your checking account?

You get charged an overdraft fee or You bounce a check/ your debit card will be declined

500

What is the importance of credit?

It can help you get into a apartment, get a loan, and other opportunities. 

500

When you use your debit card, you are taking money out of which account? savings or checking

Checking Account

500
What is the amount of money that you have in your bank account?
Balance
500

What insures your bank incase the bank fails and up to how much?

FDIC up to $250,000

500

What are 3 ways you can protect your checking account information? 

Use secure wifi, protect your pin, and have a strong password.