Your Money, Your Goals - A financial empowerment toolkit for social services programs.

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Automated teller Deposit in or withdraw money from a
machine (ATM) card savings or checking account. You will
often not be charged a fee if you use
ATMs that are owned by your bank
or credit union or within the same
ATM network. Many ATM cards are
also debit cards. An ATM card
cannot be used to make purchases
at businesses unless it is also a debit
card.


Prepaid debit card A card that you use to access money
you have paid in advance. A prepaid
card can refer to a number of
different types of cards. Gift cards
are prepaid cards that typically are
used up after you deplete the value
on the card. You can also buy
prepaid debit cards that you can add
money to (reload) and continue using
over and over. Some types of
prepaid cards also allow you to take
money out at an ATM. Reloadable
prepaid cards generally charge a
monthly maintenance fee. Some
charge for deposits or each time you
use the card. Prepaid debit cards
may carry fewer consumer
protections in the event of loss or a
disputed charge than debit cards.


Money transfer Send money from one place to
another.


Bill payment services Use cash, a money order, a bank
account, or another payment method
to pay utility, mortgage, or other bills,
in person, by phone, through a
website, or through a mobile phone
application.


Money order Buy a money order to pay a business
or other party; can be used instead of
a check.

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