SAFE MONEY
BANKS AND CREDIT UNIONS ARE SAFE AND ? .
INSURED
a penalty charged if the account holder spends more than their account balance, causing the available balance to go below zero
OVERDRAFT FEE
THE FIRST FOUNDATION IS ?
SAVE A $500 EMERGENCY FUND
also called a ledger; a lined and divided journal to record checking account activity
CHECKING ACCOUNT REGISTER
a financial institution licensed to receive deposits and provide financial services
BANK
Some banks charge high, unexplained, and even unexpected ??
FEES
an option offered by banks to cover overspending an account and then charge a fee for it
OVERDRAFT PROTECTION
?? accounts make spending and managing your money safe and convenient.
CHECKING
MONITOR YOUR ACCOUNT AT LEAST ?? TIMES PER WEEK.
TWO
2 independent federal agencies that insures deposits in credit unions up to $250,000
FDIC, NCUA
UNBANKED
?? BANKS ARE SOMETIMES CALLED TRADITIONAL BANKS.
RETAIL
A ?? ACCOUNT IS THE BEST PLACE FOR YOUR EMERGENCY FUND AND THE MONEY YOU’RE SAVING FOR A LARGE PURCHASE.
SAVINGS
?? IS WHEN YOU VALIDATE THAT ALL TRANSACTIONS FROM YOUR BANK STATEMENT MATCH YOUR RECORDS.
RECONCILING
for-profit financial institutions that accept deposits and offer a variety of deposit accounts and financial services
RETAIL
These people people can’t pass the background check required to open a bank account because they have a negative financial history.
BLACKLISTED
YOU WANT TO AVOID ANY SERVICES OR PRODUCTS THAT HAVE TO DO WITH ?? .
DEBT
A ?? ACCOUNT IS FOR REGULAR SPENDING.
CHECKING
AS THE OWNER OF YOUR BANK ACCOUNT, YOU NEED TO KNOW ?? , GOING ON WITH THAT ACCOUNT.
EVERYTHING
nonprofit financial institutions that are owned and operated by their members; offer deposit accounts and lending services similar to a retail bank but at a lower cost
CREDIT UNION
THE FDIC AND NCUA INSURE YOUR MONEY UP TO $250,000 PER ? , PER ACCOUNT.
DEPOSITOR
WHAT ARE THE 3 WAYS BANKS MAKE MONEY?
offer higher interest rates, but you’ll have to “lock” your money for a specified amount of time (18 months for example).
CD, CERTIFICATE OF DEPOSIT
?? IS WHEN YOU SUBTRACT TRANSACTIONS THAT HAVEN’T YET POSTED TO YOUR BANK ACCOUNT FROM THE LAST BALANCE ON YOUR BANK STATEMENT.
BALANCING
also known as internet banking; all transactions done online; no physical location
ONLINE BANK