Intro to Banking

Money that your bank account earns

• Balance
• Checking
• Savings
• Interest

Tags

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

Required amount of money in account

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

Tags

CCSS.7.NS.A.3

What is a SAVINGS ACCOUNT?

• a bank account that you cannot deposit your money from for a specific amount of time

• a bank account that you can write checks from

• a bank account that earns interest

Mikey is going to college and will not be home often to visit his home bank. He is responsible for his own bills. He needs a way to access his money and track what he spends.

• Personal Loan

• Online Banking

• Business Loan

• Safe Deposit Box

Frank wants cash from his bank but it is closed. He wants to use an ATM, what can he use at the ATM?

• Checking Account

• Debit Card

• Savings Account

• Check

Samantha works part time. She wants to have money for college when she graduates so she will not have to borrow money. What kind of account should she get?

• Savings Account

• Safe Deposit Box

• Online Banking

• Personal Loan

Spiderman is at home and wants to check his account balance. He has internet, what should he use to check his balance?

• Online Banking

• Spidey Senses

• Debit Card

• Credit Card

Donny wants to buy lunch for some of his friends but doesn't have any cash, the restaurant will not take a check. What should Donny use? Pick 2

• Debit Card

• Credit Card

• Check

• Business Loan

Donny owes $20 to his grandpa, and he wants to quickly pay him back. He lives far away, so he is planning on mailing it to him. He does not want to mail cash. What can he send him?

• Check

• Credit Card

• Personal Loan

• None of the Others

A check that has been written and the money has been subtracted from your account is known as a(n)

• bounced check

• cleared check

• outstanding check