W!SE Banking

Front

The best reason for depositing money in a bank or credit union savings account instead of keeping your money “under the mattress” is that

Back

It is insured.

Front

The central banking system in the United States.

Back

Federal Reserve

Front

What is an ATM used for?

Back

Withdraw money

Front

The law that allows for electronic images of checks to be transmitted for processing in place of paper checks is

Back

Check 21

Front

Which of the following services will you NOT be able to access while banking online? Transfer funds, Deposit checks, Order checks

Back

Withdraw cash

Front

What is the difference in a bank and a credit union?

Back

Credit unions are member owned.

Front

Which business charges large fees to cash payroll and government checks to people who do not have a bank account?

Back

Check Cashing Centers

Front

What is money placed in a checking account called?

Back

Demand deposits

Front

What should you include when you are writing a check? Options: Date, Payee, Amount, and Signature, Amount, Payee, Signature, check number, Endorsement, Amount, Signature, Date, Amount, Signature

Back

Date, Payee, Amount, and Signature

Front

What are direct deposit, electronic funds transfers, and automatic monthly payments features of?

Back

Electronic banking