Maria is selling her car through a newspaper advertisement. When she finds a buyer, she wants to be sure that the form of payment is guaranteed to be good. Which form of payment should she AVOID?

Financial services and products offered by most banks and credit unions generally include?

What is the process of putting money into a bank account called?

How does having a savings account help a person's financial wellbeing?

A certificate of deposit (CD) from a bank could be best described as a -

By moving money from a checking account that doesn't make interest to a certificate of deposit (CD) a person is sacrificing some -

Which financial product has the MOST predictable income?

In order to make a deposit into a personal bank account, a person can do all of the following EXCEPT?

Luna, Abigail, and Harper are discussing how banks and credit unions use the money deposited in customer accounts. They come up with several possibilities. Can you identify the correct one?

A benefit of opting in for overdraft protection service on a checking account is that the -

A person who wants money to be FDIC (Federal Deposit Insurance Corporation) insured will probably deposit the money in a -

Xavier wants to buy a house but does not have enough money needed to pay for the house. What can he do to get the money he needs?

Why should a person reconcile their checking account?

What does it mean when a loan is 'secured'?

Which of the following is NOT an example of borrowing from a lender (loan)?

Services or products offered by banks to consumers and businesses include all of the following EXCEPT

"A bank is a place that will lend money if the person can prove that she doesn't need it." - Bob Hope

The main idea of this quote is that banks -

A person has a savings account and a car loan from a not-for profit financial institution owned by its members. She is probably a member of what type of financial institution?

What should someone who lost a debit card do?

A fully funded emergency fund will carry the same amount of money as ____ worth of expenses.

Which tends to carry the highest interest?

Online Banks can be great because...

A debit card is different than a credit card in that...

One difference between a CD and a savings account is..

Jane has set up her bank account to automatically transfer a fixed amount to her savings account every month. This process of managing her savings is known as _______.

Main hub for making transactions like deposits (paychecks), withdrawing cash, paying your bills.

If you can't create an emergency fund with 3-6 month's worth of expenses, try to start with ________.

An extra charge assessed for a service.

Nora, Harper, and Ethan went to a bank. They learned about a service that allows them to borrow money to buy things, but they also understood that there is a cost to borrowing that money. What is this service called?

To put money into your account

A written form used to pay for purchases from your checking account. It must include date, amount, and your signature.

A term used to indicate that the depositor's account is inadequate to cover the check. The transaction does not go through.

An automatic deposit on a paycheck without having to take a physical check to the bank.

To take money out of the account.

Money borrowed from a bank that you pay in fixed monthly payments or installments.

The second set of numbers; identification number of the owner's checking account

Combines parts of checking and savings accounts; higher interest and more restrictions than a checking account.

A special segment of banking that helps individuals build wealth through financial consulting.

A fee for early withdrawal of funds from things like bonds or CDs.

Olivia, Brandon and Steele are at a local store. Olivia wants to buy a video game but she needs to use a numerical code, usually containing 4 digits, that is often required when using bank debit cards for electronic financial transactions. What is this code called?

Occurs when money is withdrawn from a bank account and the available balance goes below zero. Transaction is completed, usually with a fee.

Some bank accounts offer this as a way to allow customers to complete some financial transactions electronically via the internet.

Isla went to a store to buy a book. She used a bank card that automatically deducts the amount of the purchase from her checking account. What type of card did Isla use?

A savings alternative in which money is left on deposit for a stated period of time to earn a specific rate of return.

Contract between a borrower and a lender that allows someone to borrow money to buy a residence.

An individually secured container, usually held within a larger safe or bank vault.

A machine that allows you to make banking transactions without the need of a bank teller.

Sonya inherited a valuable necklace and needs a safe place to keep it when she isn't wearing it.

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.

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

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?

Nala received a $100 savings bond. She needs a place to keep it until it matures. Where should she keep it?

Jojo's home needs a pool. She has decided to borrow money that she knows she cannot fully repay for several years. What should she get?

Gigi received $50 for her birthday. She wants to make a down payment on a car soon. To do so she wants to earn as much interest on her cash as possible. What kind of account should she put it in.

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

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

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?