Checking Review

Your checking account balance is $100.  You deposit your birthday money of $200 and use your debit card to buy a $75 outfit.  What is your new balance?

• $225
• $275
• $375
• none of the above

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

You can handle your checking account through online banking.

• True 
• False

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

• True
• False

Check you have written that hasn't been cashed.

• endorsement
• withdrawal
• outstanding check
• overdraft protection

Money taken out of your checking account.

• withdrawal
• stop payment
• endorsement
• outstanding

Signature on the back of a check.

• outstanding 
• endorsement
• withdrawal
• debit card

If you want to deposit a check in your account and not cash it, you should write _____ on the back to make sure no one else can cash it.

• Your signature
• For Deposit Only
• For special use only

A __________ is a log where you keep track of all your checking transactions.

• statement
• register