Checking Accounts

Orrin had $541.06 in his checking account, and a check that he wrote to his landlord for $560.00 was just deposited.
This will result in which of the following fees?

• overdraft fees
• service fees
• atm fees
• over spending fee

Cruz had $672.13 in his checking account, and a check that he wrote to his landlord for $650.00 was just deposited.
This will result in which of the following fees?

• overdraft fees
• service fees
• atm fees
• None of the above

Gwen had $463.24 in her checking account, and a check that she wrote to her landlord for $470.00 was just deposited.
This will result in which of the following fees?

• overdraft fees
• service fees
• atm fees
• None of the above

Sherwood Bennett, who has a checking account at Big Bucks Bank, is writing a check to Cassie Porter, who has a checking account at Lots a Loot Bank.
What should be written on the "Pay to the order of" line of the check?

• Big Bucks Bank
• Cassie Porter
• Lots a Loot Bank
• Sherwood Bennett

Jean Bernard, who has a checking account at Treasure Trove Bank, is writing a check to Frank Walton, who has a checking account at Mucho Dinero Bank. What should be written on the "Pay to the order of" line of the check?

• Frank Walton
• Jean Bernhard
• Mucho Dinero
• Treasure Trove Bank

June Russell, who has a checking account at Gravy Train Bank, is writing a check to Stanley Lawrence, who has a checking account at Chunk a Change Bank. What should be written on the "Pay to the order of" line of the check?

• Chunk a Change Bank
• Gravy Train Bank
• June Russell
• Stanley Lawrence

At the beginning of this month, the balance of Vance's checking account was $697.96. So far this month, he has received a paycheck via direct deposit of $962.88, been charged a monthly service fee from his bank of $25.00, used a debit card linked to his account to make a purchase of $83.12, written a check for $138.83 that has already been deposited, and deposited a check written to him for $71.17. What is the current balance of Vance's checking account?

• $1620.38
• $1510.06
• $1485.06
• $787.10

Which of the following is not found on a check?

• Account Owner's Name & Address
• Account Owner's Social Security Number
• routing number
• account number

The number of a checking account is also known as the:

• Pin Number
• Social Security Number
• Routing number
• Account Number

The checking account fees for Banks A, B, C, and D are shown in the table:
If a customer writes 26 checks per month, which bank will charge him the least in fees

• Bank A
• Bank B
• Bank C
• Bank D