Checking Vocabulary

Front

What is a Checking Account?

Back

An account used for everyday transactions.

Tags

CCSS.L.11-12.4C

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Front

Deposit

Back

Putting money into a bank account.

Tags

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Front

Check

Back

A written order to pay from your account.

Tags

CCSS.L.5.5C

Front

Overdraft

Back

When you spend more than you have in your account.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

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CCSS.RI.9-10.4

Front

What is the Minimum Balance?

Back

The lowest amount of money to have in your account to avoid fees or account closure.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

Direct Deposit

Back

Automatically depositing payments into your account.

Tags

CCSS.RI.11-12.4

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CCSS.RI.9-10.4

Front

What does the FDIC stand for?

Back

Federal Deposit Insurance Corporation

Tags

CCSS.RI.11-12.4

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CCSS.RI.9-10.4

Front

What is an ATM? Options: A) A machine for tracking account balances. B) A machine for depositing money into your account. C) A machine for withdrawing cash and checking balances. D) A digital tool for managing accounts.

Back

C) A machine for withdrawing cash and checking balances.

Tags

CCSS.RI.11-12.4

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CCSS.RI.9-10.4

Front

Account Statement

Back

A monthly summary of account transactions.

Tags

CCSS.RI.11-12.4

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CCSS.RI.9-10.4

Front

Online Banking

Back

Accessing and managing your account through the internet.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4