A Checking Account

Check Registry Vocabulary

Cost of A Checking Account

• Banks offer features at a cost, or charge fees when requirements aren't met.

• These fees are Withdrawn from your account.

• The overdraft fee is charged when your account balance drops below $0.00

Balancing a Check Register

• A deposit is when a sum of money is added into a bank account. ex. depositing a paycheck or cash

• A withdrawal is when money is subtracted from an account. For Example: Paying for a purchase

• ​Debt- is when money is owed to someone

• ​Transfer- when money is moved from one account to another

• ​Transaction- an instance of buying or selling something

Multiple Choice

Moving money from your savings to your checkings is an example of a

• transfer

• withdrawal

• deposit

Multiple Choice

removing cash at an ATM

• deposit

• withdrawal

• transfer

Multiple Choice

Paying a bill with bill pay

• deposit

• withdrawal

• transfer

Multiple Choice

a paycheck is electronically deposited

• deposit

• withdrawal

• transfer