NGPF Banking Unit Review

Front

To avoid frequent trips to the bank, many people use an ATM to withdraw cash, or check their ____________________.

Back

balance

Front

A(n) ________________ shows all the transactions in your account, and is usually sent out once a month.

Back

Bank Statement

Front

Your savings account can grow by earning __________.

Back

Interest

Front

A(n) ______________ is linked directly to your checking account, and can be used to make daily purchases or at an ATM to withdraw $.

Back

Debit Card

Front

Your job may offer you ______________, which electronically transfers your paycheck directly into your checking account.

Back

Direct Deposit

Front

What protects your $ in the bank up to $250,000 per account, in case the bank fails?

Back

FDIC Insurance

Front

Some banks may charge a ________________ each month just to keep your checking or savings account open.

Back

Maintenance Fee

Front

You may be required to keep a _________ in your accounts to avoid being charged fees.

Back

Minimum Balance

Front

Using _____________ on your cell phone allows you to deposit checks without going to the bank or ATM.

Back

Mobile Deposit

Front

To avoid a(n) _______________, make sure you have enough money in your account to cover all your purchases.

Back

Overdraft Fee