What It IsWhat To KnowWhat To Do
What is a bank?
A bank is a place to put your money and keep it safe in an account.
Banks offer many services, including:
checking accounts and savings accounts for your money
debit cards and credit cards
loans to buy things like cars and homes
check cashing and money transfers
What is a credit union?
A credit union is another place for your money. To use a credit union, you have to be part of a group that is allowed to join that credit union. Many groups, including communities and places of worship, have credit unions their members can join.
Credit unions offer the same services as a bank.
What is a checking account?
When people talk about bank accounts, they usually mean checking accounts. A checking account lets you keep your money safe and still be able to spend it.
A checking account lets you pay for things without using cash. Instead, you might pay with a check or a debit card.
What is a savings account?
Banks and credit unions also offer savings accounts. A savings account is for money you want to save.
A savings account can help keep the money you are saving separate from the money you need to spend now.
What It IsWhat To KnowWhat To DoWhat is a bank?A bank is a place to put your money and keep it safe in an account.Banks offer many services, including:checking accounts and savings accounts for your moneydebit cards and credit cardsloans to buy things like cars and homescheck cashing and money transfersWhat is a credit union?A credit union is another place for your money. To use a credit union, you have to be part of a group that is allowed to join that credit union. Many groups, including communities and places of worship, have credit unions their members can join.Credit unions offer the same services as a bank.What is a checking account?When people talk about bank accounts, they usually mean checking accounts. A checking account lets you keep your money safe and still be able to spend it.A checking account lets you pay for things without using cash. Instead, you might pay with a check or a debit card.What is a savings account?Banks and credit unions also offer savings accounts. A savings account is for money you want to save. A savings account can help keep the money you are saving separate from the money you need to spend now.
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