Checking Accounts

Front

The routing number found on your check identifies which of the following?

Back

Your Bank

Front

This type of account is opened by 2 or more people and both people have equal control over the account.

Back

Joint Account

Front

This occurs when the amount you withdraw from your account is more than your balance.

Back

Overdraft

Front

A ______________ is a list of transactions in your bank account, along with a running balance.

Back

Check Register

Front

When writing a check, the company or person receiving the check is called the ___________.

Back

Payee

Front

When you withdraw money from your checking account, this is called a/n __________________.

Back

Debit

Front

When you deposit money into your checking account, this is called a/an ____________________.

Back

Credit

Front

A fee charged by banks in order to cover costs associated with managing customer accounts is called _______________________.

Back

Maintenance Fee

Front

If you have overdraft protection, you will never be charged a fee if you overdraw your account.

Back

False

Front

When you are enrolled in Overdraft Protection, what happens when you overdraw your account? Options: Additional money needed to cover the transaction will be covered by the bank and you will be charged an overdraft fee., The transaction will be declined., Additional money needed to cover the transaction will be transferred from a linked bank account.

Back

Additional money needed to cover the transaction will be transferred from a linked bank account.