I can put money into my checking account through cash deposits, deposit a check, use an ATM to deposit money, make a mobile deposit on my phone app, use direct deposit from my employer, and transfer money from another account.

National banks usually have higher fees and charges compared to community banks.

Community banks usually have lower fees than national banks and give money back to the local community.

It is safer to keep cash at my house instead of opening a checking account.

FDIC insures deposits made at banks for up to $250,000 dollars.

Checking accounts allow you to earn interest on your deposits.

One of the best reasons to open a checking account is to make paying bills easier and making a paper trail to track your money.

One important question to ask when opening a checking account is whether or not the bank charges any fees.

True or False Savings accounts store money to earn interest (money) and can not be used to pay bills directly.

True or False Compound interest is interest made from interest. The earlier you start saving, the more time your money has to earn interest and for that interest to compound (or earn more money).

True or False If the interest rate is lower (say 1%) compounding will have a reduced effect.

True or False FDIC will insure my savings account up to $250,000.

True or False I should avoid accounts with high maintenance fees or other related fees to withdrawals or minimum balance requirements.

True or False Certificates of Deposit or CDs require your money be left alone for a set period of time.

True or False Establishing a Money Market Account or MMA generally requires a larger deposit of money.

True or False Overdraft, Service, and Out of Network fees can charge you more money per month.

True or False Overdraft fees are charged by a bank for making a purchase when you do not have enough money.

True or False Overdraft Protection is not optional.

True or False Low Balance Alerts are a good way the bank texts or emails you when your balance is high.

True or False 50% or more of teens have opened a bank account.

True or False Being unbanked means one does not have a checking or savings account at a traditional bank.

True or False Being underbanked means one may have a checking or savings account, but then uses alternative banking services which use higher fees.

True or False Prepaid cards are not associated with any bank or account and have fees.

True or False One of the main disadvantages of payroll cards is fees.