Great for emergency situations

It is convenient

May receive cash from an ATM

Money is borrowed and repaid at a later date

Money is automatically taken out of a checking or savings account

It replaces cash

May cause unnecessary debt

Uses a PIN (personal identification number) for transactions

A plastic card used to make purcases

YOu can deposit money into the account used with this card

Your mom goes to the ATM at the bank and withdraws $300 form her savings account

Your grandmother buys groceries and pays with a card. She also gets $30 cash back from her checking account at the same time

YOur dad takes the car to be inspected. Your dad pays with a card. The payment for the inspections shows up on his monthly bill for the card.

YOu can deposit money into the account used with this card

You can overdraft

Your family is on vacation and you need more cash. Your dad goes to the ATM and gets a $500 cash advance. He says, "just one more vacation expense we'll have to pay off when we get home."