Financial service providers

Money of another country

• insurance

• refund

• bargain

• foreign currency

an arrangement by which people borrow money from a bank to buy a house, and pay back the money over a period of years

• mortgage

• overdraft

• share

• refund

Tags

CCSS.RF.1.3

CCSS.RF.1.4

CCSS.RF.2.3C

CCSS.RF.2.3F

CCSS.RF.K.3

a special machine through which you can do bank transactions

• Cash dispenser

• Automated Teller Machine

• Cashpoint

• Checkout

A small plastic card that you use to buy goods or services (even if you don't have the amount on your account at the moment).

• Debit card

• Credit card

• Cash card

Tags

CCSS.RI.1.3

CCSS.RI.1.5

CCSS.RI.2.3

CCSS.RI.2.5

CCSS.RI.K.5

Liam wants cash from his bank, but it is closed, He will use the ATM.

• credit card
• debit card
• savings account

Amirah is going to college and will not be able to visit her home bank very often. She needs a way to access her money and track what she spends.

• personal loan
• debit card
• online banking

An overdraft is...

• is permission to withdraw more money from a current account than is in the account up to an agreed limit.

• is a payment on behalf of the account holder that is guaranteed by the bank.

• is an instruction to the bank to pay a fixed amount from an account at regular intervals.

A credit card

• is permission to withdraw more money from a current account than is in the account. Interest is charged on the amount overdrawn. A person can overdraw their current account up to an agreed limit (e.g. €500).

• gives the holder the option to borrow funds to pay for goods and services up to an agreed limit.

• is a sum of money borrowed from a financial institution and paid back with interest over a period of time. A mortgage is a loan that is secured against property, such as a house or apartment.

What does the term regulate mean?

• Regulate means to charge a bank to use your banks name

• Regulate means to put rules in place.

An Post is a state-sponsored body that offers postal services and financial products, including foreign exchange, money transfer and savings schemes.

• True

• False