P2P
this service allows you to use a bank account or credit or debit card to pay family and friends from your phone
What are Peer To Peer Payments?
this is slope-intercept form
What is y = mx + b?
this term refers to putting money into a person's checking account electronically instead of using paper
What is direct deposit?
instead of being charged an insufficient fund fee, set these up on your checking account
What are low balance alerts?
this number is a Bank's identification number...it is found on the lower left hand corner of a check
What is routing number?
this is required to send a payment using P2P
What is phone number, email or cashtag?
given the linear equation y = -2x -5, identify the initial value or starting point
What is -5?
this feature allows a person to deposit a paper check by taking a picture of the front and back of check and uploading to bank's app
What is mobile deposit?
before agreeing to opt in to this coverage, ask questions about the various charges you can incur
What is overdraft protection?
the phrase meaning to purchase goods to "improve" a person's image or social status to satisfy need to compete with friends/neighbors
What is "Keeping Up With the Jones's"?
name three types of P2Ps
What are Venmo, CashApp, Google Pay, Facebook Pay, PayPal, Zelle, Samsung Pay, Apple Pay...?
if a maintenance fee was deducted from a checking account each month and there were no other deposits or withdrawals, the slope of the line would be this
What is negative?
What is automated teller machine?
What is a maintenance fee?
What is FDIC?
consumers view this as the biggest advantage of P2Ps
What is convenience?
What is zero?
when using an ATM machine not owned by your bank and being charged a fee, this ATM is known as this
What is out of network?
a monthly fee is an example of this on your monthly bank statement
What is a debit?
when some people choose not to use a bank and instead use cash or money orders, they are called this
What is unbanked?
the year PayPal (the oldest P2P) began
What is 1998?
you open a checking account with $100 and have a $5 monthly maintenance fee...write an equation to show balance, y, after x weeks
What is y = -5x + 100
this is provided every 30 days and shows all debits, credits and fees
What is a bank statement?
an ATM fee is known as this on your monthly bank statement
What is a debit?
Who is Andrew Jackson?