Banking Services

Why would you want to have a savings account?

• To put money towards retirement.

• It is safe and ensured while kept in the bank.

• Purchases are easier through savings accounts.

• To show that you have money.

Which of the following choices below is NOT a type of savings account?

• retirement

• CD- Certificate of Deposit

• safe deposit box

• an account that lets you withdraw money

When putting money into the bank you are making what?

When taking money out of the bank, what are you doing?

What are two things to consider when choosing a bank?

Which of the below is NOT a reason to get a checking account?

• You can deposit your paycheck.

• You can use your account to pay bills.

• Checking accounts help you track how you spend money.

• So your friends and family have access to your funds.

A fee is the money charged for a service. True or False

What is used to track money spent from an account

• register

• budget

• customer service representative

• checkbook

What is it called when you spend more money than you have in your account?

When purchasing goods when you don't have the money right away, you are using...

• bad judgement

• credit

• loan

• debt