Banking Services

Why would you want to have a savings account?

• To put money towards retirement.

• It is safe and ensured while kept in the bank.

• Purchases are easier through savings accounts.

• To show that you have money.

Which of the following choices below is NOT a type of savings account?

• retirement

• CD- Certificate of Deposit

• safe deposit box

• an account that lets you withdraw money

When putting money into the bank you are making what?

When taking money out of the bank, what are you doing?

Which of the below is NOT a reason to get a checking account?

• You can deposit your paycheck.

• You can use your account to pay bills.

• Checking accounts help you track how you spend money.

• So your friends and family have access to your funds.

A fee is the money charged for a service. True or False

What is used to track money spent from an account

• register

• budget

• customer service representative

• checkbook

T or F the money you have available to spend from your account is called your register.

What is the ONLY thing you cannot do within a checking account?

• make deposits

• invest in stocks

• write checks

• withdraw money

The card you use to both access funds in your bank account and pay for goods and services is:

• a credit card

• a birthday card

• a gift card

• a debit card