Banking Basics

Front

What does it mean to endorse a check?

Back

To write your name on the back of the check

Front

What is a joint account?

Back

An account shared by two or more individuals.

Front

What does the abbreviation PIN stand for?

Back

Personal Identification Number

Front

When a paycheck is transferred directly from an employer's bank to an employee's checking account, this service is called:

Back

Direct Deposit

Front

What is a deposit ticket or deposit slip used for?

Back

Recording money being deposited into a bank account

Front

Which of these transactions is not considered an EFT? Paying bills online, Direct deposit of payroll, Mailing a physical check, Withdrawing cash from an ATM

Back

Mailing a physical check

Front

What is Overdraft Protection?

Back

A feature that allows a transaction to process even if the account lacks sufficient funds.

Front

What does the abbreviation ATM stand for?

Back

Automated Teller Machine

Front

What is Mobile Banking?

Back

The use of mobile apps or websites to access banking services

Front

A bank CD stands for:

Back

Certificate of Deposit