BANKING
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Q: What are some important questions to consider before opening a bank account?

A:

 

Q: Can I now set up my own personal bank account?

AYes, and there are many banks to choose from as well as types of accounts such as checking and savings. Before you choose which bank and type of account, learn the rules and restrictions for the one you choose.

 

Q: Is banking on my mobile device secure?

A: There are extra steps you can take to protect yourself when using a banking app, like using a strong password, not using public Wifi hotspots, and not storing your login information on your device.

 

Q: What happens if I bounce a check?

A: Bouncing a check can be either a civil or criminal matter. A person commits “issuing a bad check” if the person writes a check knowing that there are not sufficient funds on deposit for the payment of the check (A.R.S. §13-1807 and A.R.S. §12-671).

 

Q: What happens if my debit card is lost or stolen?

A: If your credit, ATM, or debit card is lost or stolen, follow these steps immediately:

 

Q: What happens if I have an issue with the bank?

A: If you feel your bank is doing something wrong, you may want to contact the Consumer Financial Protection Bureau at www.ConsumerFinance.gov.

 

Laws may have changed since the last time this article was updated.  The current and most up-to-date laws can be accessed here.