Elements of Writing Checks

You should always use permanent ink when writing a check.

• True

• False

When you write a check, the money does not leave your account until ____________________.

• the next business day.

• there is enough money deposited to cover it.

• the check is given to the bank.

• the first day of the week.

What is a withdrawal?

• Expenses that do not change from month to month.

• Money set aside for the future.

• Taking money out of a checking or savings account.

• Money received, usually from a job, business, or assets

What is a check?

• It is how you see how much money you have in your account.

• An online only option to pay bills

• An order to pay another person or business from an amount at the bank.

• It looks like a v but is longer on one end

Which of the following is TRUE about checks? (hint: choose 2 correct answers)

• You should endorse the back when writing a check

• The amount of money is written both numerically and in words

• Checks should show up on your statement within 30 days

• You should endorse the back when depositing a check

Which of the following refers to the payee's (the person that receives the check) signature on the back of the check?

• signature card

• check register

• endorsement

• bank statement

It's okay to only write the money amount in numbers. You don't have to write it in words too.

• True

• False

Always use crayons when writing a check.

• True

• False

When it comes to saving money, you should _________________.

• Keep most of your savings in your checking account

• Put aside money for savings each month

• Choose the savings account with the lowest interest rate

• Put anything you can't afford on your credit card

Which part of the check is the least important?

• memo line

• signature line

• routing numbers

• check number