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.

Front

Where do you put your signature on a check?

Back

The signature is placed on the bottom right corner of the check.

Front

What does the account number on a check represent?

Back

The account number identifies the specific bank account from which funds will be withdrawn.

Front

What is a routing number?

Back

A routing number is a nine-digit code used to identify a financial institution in a transaction.

Front

What is a check register?

Back

A check register is a record of all transactions made with a checking account, including deposits, withdrawals, and checks written.

Front

What does it mean to reconcile a bank statement?

Back

Reconciling a bank statement means comparing the bank's records with your own to ensure they match and to identify any discrepancies.

Front

What is a withdrawal?

Back

A withdrawal is the act of taking money out of a bank account.

Front

What is a deposit?

Back

A deposit is the act of adding money to a bank account.

Front

What is an outstanding check?

Back

An outstanding check is a check that has been written but has not yet cleared the bank.

Front

What is a bank statement?

Back

A bank statement is a summary of all transactions in a bank account over a specific period, usually monthly.