Banking

Process the largest check first

Process the smallest check first

Process the checks in random order

Process the checks in alphabetical order

Have a high credit score

Have a low income

Have a college degree

Have a mortgage

Allows you to withdraw more money than you have in your account

Protects your account from unauthorized transactions

Helps you save money for emergencies

Provides insurance for your deposits

Unlimited check writing

High interest rates on deposits

Low or no minimum balance requirement

High monthly maintenance fees

Banks are for-profit institutions, while credit unions are non-profit

Banks offer higher interest rates on savings accounts than credit unions

Credit unions are insured by the FDIC, while banks are not

Banks are owned by their customers, while credit unions are owned by shareholders

Compound interest is calculated on the initial amount only

Compound interest is calculated more frequently

Simple interest is calculated more frequently

Simple interest is calculated on the initial amount only

Saving for retirement

Saving for a down payment on a house

Saving for a vacation

Saving for a new car

Variable interest rate

Unlimited withdrawals

Fixed interest rate

High liquidity

Proof of identity

Proof of address

Social security number

Minimum age requirement

They are more likely to have a low income

They are more likely to have a high credit score

They are more likely to have a mortgage

They are more likely to have a college degree