2.4 EXIT TICKET- Being Unbanked Exit Ticket

First Name

Last Name

Class Period

1. Which of the following is a disadvantage of using a payroll card?

• You cannot withdraw your money for cash
• Many payroll cards charge fees
• You cannot use your payroll card as a debit card
• It is challenging to use a payroll card for purchases

2. All of the following are reasons that a person might be unbanked EXCEPT…

• Not trusting the banking system
• Not having enough available money to maintain an account
• Not having a bank within close distance to your residence
• Not having a credit card account from a traditional bank

3. Danielle is unbanked and is considering using a prepaid card. Which of the following would be BAD information to give her about prepaid cards?

• Prepaid cards are a good way to build credit because they work like credit cards
• Prepaid cards can have a lot of fees associated with them including transaction and loading fees
• Prepaid cards are generally accepted anywhere that debit and credit cards are accepted
• Prepaid cards are a viable way for the unbanked to complete online transactions