5.5 Checks

Front

What type of check might BOUNCE and not work if the person does not have enough money? Options: Personal Check, Cashier's Check, Money Order, None of the above

Back

Personal Check

Front

What is a check written by a financial institution and can be trusted to always have the money? This check will NOT bounce

Back

Cashier's Check

Front

What form of payment can you buy from 7/11 or a grocery store? It is guaranteed to work and can be written for up to $1,000.

Back

Money Order

Front

You are selling your old car to a stranger you met on Craigslist for $7,000. Which of the following should you NOT accept from the stranger? Cash, Cashier's Check, Money Orders, Personal Check, None of the above, they are all fine to accept

Back

Personal Check

Front

Signing a check before you deposit it is known as an...

Back

endorsement

Front

How are money order's and cashier's checks different?

Back

Money orders can only be for up to $1,000.

Front

Checks are connected to your...

Back

checking account

Front

A Non-Sufficient Funds Fee must be paid when you...

Back

write a check that bounces

Front

Which of the following can you trust to "work" and get the money from?
money orders and cashiers checks,
money orders and personal checks,
cashiers checks and personal checks

Back

money orders and cashiers checks

Front

The _____________ is the number that relates to the bank the check is coming from. It will be the same for all members of that bank.

Back

Routing Number