Banks and Alternatives

Payday and title lenders, pawn shops, check-cashing services and prepaid cards can be convenient and valuable financial services, similar to those offered by traditional providers of such services—banks and credit unions. What are the costs and benefits of using alternative financial services, as well as of going to a bank or credit union?

To provide students with online questions following each video, register your class through the Econ Lowdown Teacher Portal.
Learn more about the Q&A Resources for Teachers and Students »

Watch all videos in the Personal Finance 101 Conversations series.

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Education Level: 9-12 Non-educators College
Subjects: Personal Finance
Concepts: Banks Interest Non-Bank Financial Services
Resource Types: Video
Languages: English