Checking Accounts

Front

What is an ATM?

Back

An ATM (Automated Teller Machine) is a machine that allows individuals to deposit and withdraw money from their checking or savings accounts.

Front

What is a deposit?

Back

A deposit is money added to a checking account.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Front

What is a wire transfer?

Back

A wire transfer is a method of electronically transferring funds from one bank account to another, often involving fees.

Front

What is a check?

Back

A check is a written order directing a bank to pay a specific amount of money from a person's account to another person or entity.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Front

What is a routing number?

Back

A routing number is a unique nine-digit number that identifies a financial institution in a transaction.

Front

What is a withdrawal?

Back

A withdrawal is the act of taking money out of a checking or savings account.

Front

What is an endorsement on a check?

Back

An endorsement is a signature on the back of a check that authorizes the transfer of funds to another party.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Front

What does it mean if a check is not written out correctly?

Back

If a check is not written out correctly, it may not be honored by the bank, leading to payment issues.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Front

What is the purpose of a check register?

Back

A check register is a tool used to track deposits, withdrawals, and the balance of a checking account.

Front

What is a bank statement?

Back

A bank statement is a summary of all transactions in a checking account over a specific period.

Tags

CCSS.RI.11-12.7

CCSS.RI.8.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.9-10.7