Banking Services Review

When you open a checking account, most banks will require you to have an initial deposit of at least how much?

• $50
• $250
• $500
• $1,000

Which part of a check provides a place for you to write the purpose of the check?

• the signature line
• the payee line
• the memo line
• the routing number

For safety, do not carry your PIN in written form; instead, commit it to memory.

• True
• False

Paying bills online is generally considered slower and riskier than writing checks.

• True
• False

A joint checking account can be opened by two or more people.

• True
• False

FDIC insurance protects the deposits of customers against loss up to $1,000,000 per account.

• True
• False

What is a check written for more money than your account contains called?

• overdraft
• notary public
• demand
• certified

This is a written order to a bank to pay the amount stated to the person or business named on it.

• safe deposit
• demand
• overdraft
• check

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

This card is a plastic card that allows immediate deductions from a checking account to pay for purchases.

• check
• debit
• register
• certified

A booklet used to record checking transactions is called a checkbook what?

• overdraft
• safe deposit
• register
• debit