• Money is safe from loss, theft or fire

• Each account is insured by the FDIC (banks)

• Canceled checks are proof that you paid a bill.

• Using check-cashing stores and money orders are more expensive than paying bank fees.

• A bank account can help you keep track of how you spend your money.

Your answers:

• Free checking.• Direct deposit.• Online banking and

bill pay.• Low minimum

balance accounts for students.

Earn interest on your money left on deposit

CDs, another saving option.

Higher interest, money not liquid right away

Combine balances (checking and savings accounts) to meet the minimum balance to avoid fees.

Save ATM fees by using your own bank machines.

Use direct deposit. The money is sent to your account electronically. It’s faster, safer and often offers perks.

Ask the bank to reverse occasional fee

Seek overdraft protection

Bank Vocab Research.doc