Word bank: automatic · overdraft · security · unions

1. Compare fees, rules, ATMs, rates, and apps.
2. Credit and online banks often cost less.
3. Direct deposit + savings.
4. Banks never ask for your codes.

1. Someone calls saying they're from your bank and asks you to read them the code just texted to your phone.

   1. What should you do?

   • A. Read the code so they can help you
   • B. Hang up and call your bank using the number on its website or card
   • C. Give them half the code
   • D. Text them the code instead

2. 2. Credit unions are member-owned nonprofits that often charge lower fees.

   True/False

3. 3. Which is usually the cheapest way to receive your paycheck?

   • A. Cashing it at a check-cashing store
   • B. Loading it onto a prepaid card with fees
   • C. Direct deposit into a free checking account
   • D. Asking for cash and keeping it at home

1. 1. An account charges $12 a month. How much is that over a year?

2. 2. A text says, “Your bank account is locked. Reply with your security code to unlock it.” What should you do?

1. 1. What matters most to you in a bank: branches, rates, or the app?

2. 2. Why do you think check-cashing stores still exist?