| DIGITAL | CHECKING | CREDIT | SAVINGS |
|---|---|---|---|
|
What is a digital wallet?
Accessing your account without your physical debit card
|
What is a checking account?
Bank account linked to debit card and comes with a checkbook
|
What is the snowball method?
The method for paying your lowest debt balance off first
|
What is a savings account?
Where you should keep your emergency savings
|
|
What is Zelle?
Application used to transfer funds between different bank institutions
|
What is a debit card?
Withdraw cash from ATM
|
What is the high rate method?
The most efficient method of repaying debt
|
What is 3-6?
How many months' worth of expenses should you have in your emergency fund
|
|
What is Erica?
Bank of America's Virtual Assistant
|
What is an overdraft fee?
Fee incurred by withdrawing more money than you have on your account
|
What is a FICO score?
Measures your credit worthiness and helps lenders assess your credit
|
What is limited access to funds?
How does a savings account protect you from impulse purchases?
|
|
What is Bill Pay?
Automatic payment of your monthly recurring transactions
|
What is a check?
A way to pay people in writing using funds from your checking account
|
What is building credit, cash rewards, debt management?
Name at least 1 benefit of using a credit card
|
What is excessive withdrawals?
Type of behavior that incurs bank fees for a savings account
|
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