It is recommended that you bring between $100 and $300 cash. Credit cards are widely accepted for many expenses. It is not safe to keep a lot of cash (currency) with you. Banks and credit unions provide a safe way to keep your money. You may open up checking and/or saving accounts in local banks; to do so you need your photo ID.
Checking account is an account which allows the holder to write checks against deposited funds. One may withraw money from checking account by using debit card.
Savings account is a deposit account at a bank or savings and loan which pays interest, but cannot be withdrawn by check writing. It is also possible to transfer money from savings to checking account.
Debit card is a plastic card that works in conjunction with the checking account; it can be used at Automated Teller Machines (ATMs) to withdraw money or directly at the stores to make purchases; the money is deducted from the checking account.
Check is a piece of paper (or sometimes electronic) that orders a payment of money from the checking account; it can be used to make purchases or to pay bills; the money is deducted from the checking account.
Banks and Credit Unions
Cedar Falls Community Credit Union 266-7531 123 W 4th St https://www.cfccu.org/
Farmers State Bank 1710 W 1st St 268-1879 http://www.farmersstatebank.com/
First National Bank 266-2000 602 Main St http://www.myfnbbank.com/
First Security State Bank 266-0474 3229 Greenhill Cir http://www.fssbonline.com/
Iowa Community Credit Union 277-3940 3301 Cedar Heights Dr https://www.iccu.org/
Liberty Bank 296-7555 205 W 2nd https://www.libertybankiowa.com/
Lincoln Savings Bank 266-0095 301 Washington St http://www.mylsb.com/
Regions Bank 800-734-4667 422 Main St https://www.regions.com/personal_banking.rf
Veridian Credit Union 235-3228 Maucker Union UNI https://www.veridiancu.org/
UNI Credit Union 273-2479 802 W 29th St http://www.unicreditunion.org/
U.S. Bank 277-1320 222 Washington St http://www.usbank.com/index.html
Wells Fargo Bank 273-8855 6309 University Ave https://www.wellsfargo.com/
CAMPUS ATM's (Automated Telle Machines)
Veridian Credit Union: 23rd Street Market, Gallagher Bluedorn Performing Arts Center, Maucker Union, McLeod Center, Redeker Dining Center, Towers Dining Center, UNI-DOME
American currency is based on the decimal system with 100 cents to 1 dollar. Currency is used in coins and bills. Coins come in values of 1 (penny), 5 (nickel), 10 (dime), 25 (quarter), 50 (half-dollar), and 1 (silver dollar). Paper bills come in values of 1, 5, 10, 20, 50, and 100.