Opening A Checking Account

When choosing a bank, don't worry about the location.

• True

• False

All banks are open for the same hours.

• True

• False

Credit Unions are open to everyone who wants one.

• True

• False

A bank insured by the FDIC will offer lower rates on car loans.

• True

• False

If you build a relationship with a bank, the bank will be more likely to loan you money in the future.

• True

• False

Money Deposited in a bank insured by the FDIC is insured by the federal government against theft or loss.

• True

• False

By law, all banks must charge the same fees for checking accounts and ATMs.

• True

• False

Credit Unions are non-profit groups.

• True

• False

FDIC stands for ___________.

• Federal Deposit Insurance Corporation

• Fedarel Deposit Insurance Corportion

• Federal Diposit Insurance Corporation

• Federal Deposit Insurince Corporation

• Federal Deposit Insurance Cooperation

When opening a new bank account you should ask yourself __________.

(Multiple Correct Answers)

• How much money will I need to open the account?

• Is there a minimum amount of money that must be kept in the accout?

• Is the bank teller going to be nice to me?

• Is the bank near a McDonalds?