JA Biztown - Financial Literacy

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What is an ATM?

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A machine that allows bank customers to deposit or withdraw money without visiting their bank.

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What is a bounced check?

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A check that is written for more than the amount of money in a checking account.

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What is a gift card?

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A card that is purchased for a certain amount and then used like cash.

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What must you include when depositing money into an account?

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Your account number.

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What is a credit card?

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A card that allows the holder to buy goods and services by taking out a bank loan.

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What is a debit card?

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A card that allows the holder to access their checking account to make purchases.

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What is a checking account?

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A bank account that allows for deposits and withdrawals, typically used for daily transactions.

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What is a savings account?

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A bank account that earns interest on the money deposited and is used for saving.

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What is a loan?

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Money borrowed that must be paid back with interest.

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What is a deposit ticket?

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A form used to deposit money into a bank account.