Banking

Front

Overdraft protection...

Back

Allows you to withdraw more money than you have in your account

Front

Which of the following is FALSE about check registers?
They help you keep track of your account balance
They are used to record deposits and withdrawals
They can help you detect errors or fraud

Back

They are no longer necessary with online banking

Front

What is a typical overdraft fee?

Back

$25

Front

How can you protect your checking account when using online and mobile banking? Options: Use strong and unique passwords, Avoid using public Wi-Fi networks, Regularly monitor your account activity, All of the above

Back

All of the above

Front

You have $30 in your acct. How can a bank reorder 4 checks written today to MAXIMIZE your fees?

Back

Process the largest check first

Front

Why is understanding a bank's fees particularly important for students or young adults?

Back

They are more likely to have a low income

Front

Which is NOT a typical goal for a savings account? Saving for retirement, Saving for a down payment on a house, Saving for a vacation, Saving for a new car

Back

Saving for retirement

Front

What is a 529 account?

Back

A college savings account.

Front

About how much should you save in an emergency fund? Options: 1 month of expenses, 3 months of expenses, 6 months of expenses, 1 year of expenses

Back

6 months of expenses

Front

How does the 50-20-30 rule distribute your income?

Back

50% for needs, 20% for savings, 30% for wants