Financial Institutions
By working with a financial institution, you'll begin to build a ______ with financial professionals.
What is a relationship?
This is a secure place to keep your money to protect it for a future goal or an unexpected expense.
What is a savings account?
If you have the funds available, you can withdraw money by writing a check or using this.
What is a debit card?
This 10 digit number identifies your unique account.
This occurs when you spend more money than you have available in your checking account.
What is an overdraft?
Credit Unions are owned by these people.
What are members?
This account requires you to keep money in it for a fixed period of time called a term.
Certificate of Deposit (CD)
A checking account differs from a savings account because of this.
A checking account does not have a limit on withdrawals.
This line allows you to describe what you purchased or the reason for writing a check.
What is memo?
This is the best way to avoid overdrafting your checking account.
What is keeping an up-to-date budget?
By keeping your money with a financial institution, you'll have the peace of mind knowing your money is _____.
What is safe?
According to CNBC, over ___% of Americans do not have the savings to cover a $1,000 emergency expense.
What is 56?
This document orders your financial institution to pay a specific amount of money from your account to another specified person.
What is a check?
This is the final item you should fill out when writing a check.
What is a signature?
You might be charged one of these if you overdraft your checking account.
What is a fee?
Banks operate with the goal of creating this for shareholders.
Profit
This is the first step when creating an emergency fund.
This authorizes a financial institution to release the money to a payee on a check.
This number identifies the financial institution that issued a check.
What is a routing number?
This allows you to keep track of your account balance while you are on the move.
What is a mobile app?
This organization provides insurance for the funds held at a credit union.
What is the NCUA?
Most experts recommend keeping ______ worth of expenses in an emergency fund.
What is three months'?
Drawing a line through the remaining empty space on the written amount of a check prevents this.
What is changing the value?
What is endorse it?
Maintaining one of these can help you avoid an overdraft.
What is a small cash cushion?