Checking Accounts

Front

What is a bank statement?

Back

A summary of the account balance and transactions that occurred throughout the month.

Front

What typically happens when an overdraft occurs?

Back

The bank charges a fee.

Front

What is a deposit?

Back

Money put into the account.

Front

What is the number of a checking account also known as?

Back

Account Number.

Front

What is a transfer in banking terms?

Back

Moving money from one account to another.

Front

What is an overdraft?

Back

When you withdraw more money than you have in your account.

Front

What is a checking account?

Back

A bank account that allows for deposits and withdrawals.

Front

What is a withdrawal?

Back

Money taken out of the account.

Front

What is a fee in banking?

Back

A charge for services provided by the bank.

Front

What is an ATM?

Back

Automated Teller Machine, used for withdrawing cash.