In my economic class we have two presentation about banks. In the first presentation, two representatives from bank SunTrust came to our school called Kamal and Michael. They presented about saving and credit.
- Saving: Is to take a portion of your salary or allowance, save your piggy bank or bank account for a period of time, when you want to buy something you've always wanted.
- Credit: Is a financial transaction in which it makes available an amount of money to a specified limit and for a period of time.
In another presentation, we visited a local Wells Fargo branch. A man named Elton made a good presentation much more explicit than the previous. This presentation help me to understand better because there were fewer students and used much clearer words
I learned that if I do not have an account activity, the account is closed, also learned that you can not get a credit card only yours when you are under 18 but if you can have a debit card.