Checking Accounts

Front

What is the new balance if you deposit $23 into an account with a balance of $500?

Back

$523

Front

If you have $550 in your checking account, deposit a check for $50, and withdraw $75, what is your account balance?

Back

$525

Front

What is a written request to your bank to take money from your account and pay it to someone else?

Back

Check

Front

If you deposit money into a checking account, what operation do you perform?

Back

Add

Front

Which bank charges the least in fees if a customer writes 26 checks per month?

Back

Bank C

Front

What is a checking account?

Back

A bank account that allows for deposits and withdrawals, typically used for everyday transactions.

Front

What is the purpose of a check?

Back

To authorize the bank to transfer funds from your account to another person's account.

Front

What happens to your account balance when you withdraw money?

Back

Your account balance decreases.

Front

What is an overdraft?

Back

A situation where you withdraw more money than is available in your checking account.

Front

What is a bank fee?

Back

A charge imposed by the bank for services or transactions.