Topic 2 of 10
Banking Basics: Accounts That Work for You
How to open an account (even without an SSN), compare banks, credit unions, apps, and check cashers, and send money abroad safely and cheaply.
A safe bank or credit union account can save you hundreds of dollars a year in fees, and it keeps your money protected. These three lessons build on what you learned in class. You will learn what to bring to open an account, even without a Social Security number, and what to do if a bank has turned you down before. You will learn how to check that your money is insured and how to avoid common fees. And if you send money to family in another country, you will learn how to find the real cost and know your rights.
Builds on Money Smart for Adults
- Module 2: You Can Bank On It
- Module 5: Your Savings (Section 2, deposit insurance)
Lessons in this topic
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Opening a Bank Account, Even Without an SSN
What to bring, which accounts to ask for, and what to do if you have been turned down before.
Completed -
Banks, Credit Unions, Apps, and Check Cashers: What Is Protected and What It Costs
How to tell whether your money is really insured, and what everyday money services cost over a year.
Completed -
Sending Money Home: Compare Costs and Know Your Rights
How to find the real cost of an international transfer, your federal rights, and how to spot scams that ask you to send money abroad.
Completed