Checking Accounts

A _____ is used to add funds to a bank account

• deposit slip
• signature card
• check
• check register

If you lose a check and want to prevent someone else from using it, you can issue this type of order to the bank.

• stop payment
• demand deposit
• outstanding check
• cancelled check

Which of the following refers to the payee's signature on the back of the check?

• signature card
• check register
• endorsement
• bank statement

Which of the following refers to checks that have been written but not cashed?

• cancelled check
• demand deposits
• outstanding checks
• bank statements

With a joint checking account, everyone who shares the account must sign each check.

• True
• False

Some banks charge $20 or $25 penalty fee for checks you don't have enough money to cover.

• True
• False

You can handle your checking account through online banking.

• True 
• False

Tags

CCSS.RI.1.3

CCSS.RI.1.5

CCSS.RI.2.5

CCSS.RI.K.3

CCSS.RI.K.5

The person who writes a check is called the payee.

• True
• False

The way you sign your checks doesn't have to be exactly like the way you signed your name on your signature card

• True
• False

Money taken out of your checking account.

• withdrawal
• stop payment
• endorsement
• outstanding