Ramsey Classroom - Chapter 8, Financial Services

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

The (FDIC) and (NCUA) keep your money in the bank insured up to __________ per account.

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

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

Liquidity is . . .

When deciding on a bank, 1st identify what type of bank you want, the features that matter most to you, and _________.

Predatory financial services typically target unbanked or underbanked people, but hurt them in the long run.

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

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

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

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

Your emergency fund should go in your checking account, NOT a money market account.

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

Make sure your bank has plenty of _______ and ________.

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

A savings account is for _______.

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

A bank can help you ________ your money and keep it ________.

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

Some of the services banks offer include . . .

Overdraft protection sounds like a good idea . . .

As the owner of your account, managing your money is _______ responsibility.

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

You need to track everything that involves money, including . . .

What does it mean to be blacklisted by a bank?

Banks make money by charging interest on loans, ATM Fees, overdraft fees, and other account fees.

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