Checking Accounts
A fee is charged when your account balance drops below________.
What is $0.00?
True or false. The purchases you make with your debit card will show up on your credit report.
What is false?
A transaction in which money is removed from a bank account by the account owner.
What is a withdrawal?
The type of card you can accrue interest on if your don't pay your balance in full
What is a credit card?
True or false. Grants must be paid back with interest over time.
What is false?
What is a debit card?
Negative accounts remain on the report for up to______ years.
What is 7?
A transaction in which a sum of money is put into a bank account by the account owner.
What is a deposit?
Ms. A uses this type of card to get cash back from Walmart....which she sometimes forgets to take out from the machine :(
What is a debit card?
Mom and dad put $200 a month in an account for when you grow up and go to college. This is called ___________.
What is savings?
Banks offer features at a cost, or charge ________________ when requirements aren’t met.
What is Fees?
A person who takes and uses a sum of money under an agreement to pay it back.
What is a borrower?
What kind of transaction is moving money from your savings to checking account.
What is a transfer?
Debit and Credit cards are made out of this material.
What is plastic?
Might take a lot of work and research to apply. But if awarded, can pay for large amounts of college expenses.
What is scholarships?
The amount of money an account must have before a fee is charged
What is account minimum?
A bank, financial intuition, or person who loans out money.
What is a lender?
The money in a checking account at any given point in time.
What is an account balance?
You purchase something with your debit card but did not have enough funds in your checking account to pay for it. Now you might have to pay this type of fee
What is an overdraft fee?
Ms. A works at her college's library to receive money to help pay for her college. This type of program is called _______ _______.
What is work study?
Ms. A has $3,600 in her checking account. How much in fees will Ms. A have to pay Chase bank if they charge a fee of 1% of your checking balance.
What is $36?
We watched a video on credit report in class. The name of the animal sharing facts with the girl was called Credit ______.
What is squirrel?
Ms. A had $1,587 in her checking account. Then she purchased some rubiks cubes from Amazon. The rubiks cubes cost $305. What is her account balance?
What is $1,282?
5243 is typed into the keypad to make a transaction. This is what type of number
What is a PIN?
A payment is _________ when it is postponed and to be paid at a later time.
What is deffered?