Balancing a Check Register

Front

What is a Check Register?

Back

A tool for organizing transactions and keeping track of an account balance.

Front

What is the purpose of a Check Register?

Back

To record all transactions, including deposits and withdrawals, to maintain an accurate account balance.

Front

What does it mean to make a withdrawal?

Back

To take money out of your bank account.

Front

What is a deposit?

Back

Adding money into your bank account.

Front

What is the account balance?

Back

The amount of money available in your bank account after all transactions are accounted for.

Front

Why is it important to keep a Check Register?

Back

To track spending, avoid overdrafts, and ensure accurate account balances.

Front

What happens if you try to use your debit card without enough money in your account?

Back

The transaction will be declined.

Front

True or False: You should keep a Check Register even if you have online banking.

Back

False.

Front

What is a debit card?

Back

A card that allows you to access funds in your bank account to make purchases.

Front

What is a bank fee?

Back

A charge imposed by the bank for various services.