Banking

money which your bank account earns

• Balance
• Checking
• Savings
• Interest

Which is a difference between Banks and Credit Unions?

• Banks have Checking accounts and Credit Unions have Savings Accounts
• Banks are for profit.  Credit Unions are Non-profit.
• Banks can give loans and Credit Unions cannot
• Credit Unions allow everyone to join and Banks are selective

Which is not a factor you would consider when looking for a Bank or Credit union?

• Location
• Looks
• Free Checking
• Services

Required amount of money in account

• Maximum Balances
• Minimum Balance
• Minimum Deposit
• Maximum Deposit

Tags

CCSS.7.NS.A.3

Monthly statement fee, ​Per check fee, and ​Debit card (ATM) fee are examples of what?​

• Charges
• Credits
• Service Fees
• Debits

Minimum amount of money required to open account​

• Maximum Deposit
• Minimum Balance
• Maximum Balance
• Minimum Deposit

U.S. government agency which insures your bank account up to $100,000

• IRS Protection
• DHS Protection
• FDIC Protection
• SS Protection

 As long as you have checks, you have money

• True
• False

FDIC stands for

• federal deposit insurance corporation
• federal department insurance company
• federal deposit insult corpration
• federal deposit insurance company

When your paycheck automatically gets put into your bank account, it is better known as:

• Direct Deposit
• Deposit Slip
• Canceled Check
• Money Order