Payments (card/cash)

Question 1

Cash

Answer 1

+Easy to use

-Can’t pay online

Question 2

Debit

Answer 2

+use it online

-delay

Question 3

Credit

Answer 3

+credit is built up

-takes a couple days

Question 4

Electronic transfer

Answer 4

+quick and easy

-

Question 5

Direct debit

Answer 5

Direct debit is a changing bill that comes out your bank
+fast and convenient
-can change depending on how much you use for example water and electric can go up or down

Question 6

Standing orders

Answer 6

Is a set amount of money coming in or out of your bank for example mortgage , salaries , bills

Question 7

Pre paid cards

Answer 7

Prepaid are often called everyday cards.You load them with cash when you first buy them and top them up when they run out just like a pay-as-you-go mobile. They are not a credit card so you can’t run up debts on them

If you lose it you lose the money on the card

Question 8

Mobile banking

Answer 8

Spend online transfer

If you have no money in the bank you can’t spend online