Front

Why is managing accounts important?

Back

It is important for individuals, businesses, and institutions to protect cash, credit, and assets.

Front

What should individuals do after choosing a financial institution?

Back

They should go into a local branch or visit the company’s site to open a new account.

Front

What does opening a checking account encourage?

Back

It encourages an individual to evaluate personal financial habits, needs, and goals.

Front

What is required to open a checking account?

Back

Government-issued identification and proof of address. Some accounts also require an opening deposit.

Front

What does managing a checking account include?

Back

Recording all checks, debit card transactions, deposits, notifying bank of issues, signing up for overdraft protection, setting up email alerts, protecting account information, and signing up for online banking.

Front

What are the benefits of online banking?

Back

It allows customers to manage money online, pay bills, transfer funds, deposit checks, and stay informed with account activity.

Front

What is required to open a savings account?

Back

Basic personal information, valid government-issued identification, current bank’s account and routing numbers, and an initial deposit.

Front

What does managing a savings account include?

Back

Starting slowly, working towards savings goals, recording account activity, making regular deposits, protecting account information, and setting up email alerts.

Front

What does taking out a loan involve?

Back

Clarifying the loan purpose, comparing monthly payments, loan rates, loan terms, and total amount owed.

Front

What does managing a loan include?

Back

Understanding the loan agreement, choosing the right repayment option, communicating with the loan provider, making payments on time, protecting account information, and setting up email alerts.