Checking Account & Balancing a Check Register

A withdrawal is the act of taking money out of a checking account, often using a debit card or writing a check.

A deposit is the act of adding money to a checking account, increasing the account balance.

A debit card is a payment card that deducts money directly from a checking account to pay for purchases.

Direct deposit is an electronic transfer of money into a bank account, often used for payroll.

A check register is a record used to track all transactions in a checking account, including deposits, withdrawals, and fees.

Balancing a check register ensures that the recorded transactions match the bank's records, helping to avoid overdrafts.

A bank fee is a charge imposed by a bank for various services, such as account maintenance or overdrafts.

A signature on a check authorizes the bank to release funds from the account to the payee.

$181.15

Lottery ticket is NOT a feature of a checking account.