ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the interest rate on the account?
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What is your schedule of fees for this account?
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What happens if my debit card is stolen?
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Do I get cashback on all of my debit card purchases?
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Detailed explanation-1: -Is there a limit to the number of withdrawals I can make each month from my savings account? What fees are associated, if any with a savings account? What fees are associated with credit and debit cards issued by the institution? Does the institution offer online banking and if so, is there a fee to use the service?
Detailed explanation-2: -you at risk of theft, fire, flood, loss, or damage. Opening an account at an FDIC-insured bank anywhere across the nation ensures that your money is protected in the event of disaster. In addition, when you open an account in an FDIC-insured bank, your money is safe in the unlikely event that the bank fails.
Detailed explanation-3: -Generally, checking, savings, trust and money market deposit accounts, individual retirement accounts, or IRAs, and certificates of deposit, or CDs, are insured up to $250, 000 per depositor if they’re held in accounts that meet the FDIC-insurance rules at an FDIC-insured bank.
Detailed explanation-4: -Does the bank have online banking and a mobile app? Where are the bank’s branches? What are the bank’s fees? What are the minimum balance requirements? Can I use an ATM for free? What happens if I try to withdraw more money than I have in my account? More items