Depository Institutions Review

Offers financial services

If a merchant accepts debit cards, that place of business will also offer contactless payment

In business to make money

A debit card can be described as an electronic check that requires a PIN.

An overdraft fee may be charged if you exceed your chcking acct balance when using a debit cart

All depository institutions are required by law to charge the same fees.

A person can earn and be charged interest.

Benefits a depository institution can provide include:

All of these activities may be completed with an ATM except:

Helps with day to day money management because funds may be accessed in a variety of ways.

All depository institutions offer ATM's in many different locations.

All of the following are examples of special needs payment instruments except:

Owned by their customers

What activity can be completed with online banking?

What are factors you won't consider when deciding which depository institution fits your needs?

What is the only difference between online banking and mobile banking?

Depository institutions keep your money safe by doing all but the following:

Stores money that will be used in the future

Depository institutions must all charge/give the same interest rates.

Membership requirements to open an account

One person can open accounts at more than one depository institution.

Anyone can open an account here