Ramsey Chapter 8 Financial Services

The process of balancing your account means

A savings account is for ____

Make sure your bank has plenty of _____ and _____.

What does it mean to be blacklisted by a bank?

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

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

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

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

How do banks make money

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

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

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

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

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

Main differences between checking and savings accounts

You need to track everything that involves money (your bank account), including...

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

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

Your emergency fund should go in your checking account

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

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

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

When deciding on the right bank for you, identify what type of bank you want, the features that matter most to you, and

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

What is predatory financial services

Overdraft protection sounds like a good idea...

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

Overdrafting your account is a sign of diligence and responsibilty

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

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

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

Some of the services banks offer include ...

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

Liquidity is ...

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