Chapter 8 Financial Services

A debit card, ATM access, payroll direct deposit and checks are basic features of ________

If you see a charge you don't recognize, you should report it to your bank immediately

With certificates of deposit (CDs), you have to pay a penalty for _____

With online banks, all of your deposits, transfers and bill payments happen digitally, but ...

Make sure your bank has plenty of _____ and _____.

Balancing your checking account is a lot like working on your budget because ...

Credit Unions differ from retail banks in that they typically require membership based on specific criteria

You should avoid any bank service that leads to ...

If you see "pending" on an account charge, that means ...

Benefits of keeping your money in a bank or credit union are ...

How do banks make money

Something that all of the predetaory financial services have in common is ...

People who struggle w/money often turn to alternative financial services like payday loans but these cost them more $

It's your responsibility to know about all of the ___ before choosing a bank

Overdraft protection sounds like a good idea...

An easy way to avoid ending up with errors in your checking account is to simply ...

Distrust, unemployment, and bank fees are excuses people give for ...

Liquidity is ...

A debit card linked with your checking account is a good payment option for regular spending

What does it mean to be blacklisted by a bank?

A bank can help you ___ your money and keep it ___

The FDIC and NCUA keep your money in the bank insured up to ____ per account

Overdrafting your account is a sign of diligence and responsibilty

As the owner of your account, managing your money is ____ responsibility

Main differences between checking and savings accounts

Verifying your bank's online account statements for accuracy is called _____

Banks invest their customers' deposited money and then ...

If you prefer great customer service and lower fees...

The process of balancing your account means