Checking, Online Banking, P2P

People who are unbanked are most likely to...

• Use a mobile banking app

• Receive a monthly statement of their transactions

• Deposit their checks at the ATM

• Pay for services that would be free if they had an account

You can access (withdraw) the money in your checking account by...

• Using the cash grandma gave you to pay at the grocery store

• Paying bills with a pre-paid debit card

• Transferring money though your online account

• Using your credit card to buy a PS5

Writing a check for a major purchase is safer than carrying a large amount of cash to the store.

• True

• False

An agency of the federal government that insures bank deposits up to $250,000 is the

• FAA

• FDIC

• FIDC

• Fed

Tags

CCSS.6.RP.A.3B

Which card can access the funds in your checking account?

• Credit Card

• Debit Card

• Credit Card

• License

Taking more money out of your account than is available​ is called?

• Overdraft

• Deposit

• Withdraw

• Balance

Sometimes the bank will allow you to have a better checking account if you maintain this:

• Maximum Balance

• Minimum Balance

• Minimum Deposit

• Maximum Deposit

FDIC coverage protects my money from fraudulent account activity

• True

• False

If the bank changes their account agreement they must notify their account holders in writing (statement) prior to the change

• True

• False

A P2P payment is

• A check from grandma for your birthday

• A transfer between two individuals

• A way to pay with my checking in a store

• Problems 2 Problems