Financial Facts Feud for Introduction to Depository Institutions Lesson Plan 2.2.1

Choose Your Feud! Team 1: Rounds Won Team 2: Rounds Won Round 1 Exit Game

X X X What services do depository institutions offer to the public? Question for Round 1 Savings tools 1) X X X X X X Special-needs payment instruments 5) X X X X X X 2) X X X X X X Credit 3) X X X X X X Financial advice 4) X X X X X X Safe-deposit box X X X Return to “Choose Your Feud!”

What are the most common features depository institutions offer that allow customers to access their accounts without physically visiting the site? Question for Round 2 Online banking 1) X X X X X X Contactless payment 5) X X X X X X 2) X X X X X X Mobile banking 3) X X X X X X Debit cards 4) X X X X X X ATMs X X X Return to “Choose Your Feud!”

What are examples of fees that depository institutions may charge? Question for Round 3 Overdraft fee 1) X X X X X X 2) X X X X X X ATM fee Minimum balance fee 3) X X X X X X X X X Return to “Choose Your Feud!”

What are the most common types of depository institutions? Question for Round 4 Credit Unions 1) X X X X X X Commercial Banks 2) X X X X X X X X X Return to “Choose Your Feud!”

Question for Round 5 What factors should be taken into consideration when choosing a depository institution? 1) X X X X X X Type of depository institution 5) X X X X X X Interest rates offered 2) X X X X X X Location Features offered 6) X X X X X X Presence of insurance 3) X X X X X X Fees charged 7) X X X X X X Services offered 4) X X X X X X X X X Return to “Choose Your Feud!”

X X X What actions may be completed with online banking? Question for Round 6 Assessing account information 1) X X X X X X Setting up recurring bill payment 5) X X X X X X 2) X X X X X X Transferring money 3) X X X X X X Paying bills 4) X X X X X X Applying for credit X X X Return to “Choose Your Feud!”

X X X What actions may be completed with an ATM? Question for Round 7 Withdraw money 1) X X X X X X 2) X X X X X X Deposit money 3) X X X X X X Transfer money Check account balances 4) X X X X X X X X X Return to “Choose Your Feud!”

What are the two most common types of savings tools that can help people manage their money? Question for Round 8 Checking Account 1) X X X X X X Savings Account 2) X X X X X X X X X Return to “Choose Your Feud!”

X X X What are the benefits of using a depository institution? Question for Round 9 A safe place to store money 1) X X X X X X 2) X X X X X X A way to manage cash The opportunity to earn interest 3) X X X X X X X X X Return to “Choose Your Feud!”

X X X How can money in a checking account be accessed and used? Question for Round 10 Writing checks 1) X X X X X X 2) X X X X X X Using a debit card 3) X X X X X X Withdrawing cash Electronically transferring money 4) X X X X X X X X X Return to “Choose Your Feud!”