Checking Account Basics

This account allows you to withdraw money, pay a bill, or make purchases easily.

• Checking Account
• Savings Account
• Market Money Account
• CD Account

Tags

CCSS.L.8.1C

CCSS.L.2.1F

CCSS.L.1.1J

CCSS.L.K.1D

This allows you to withdraw cash from your account or make payments electronically.

• Debit Card
• Loan Account
• Signature Card
• Payday card

Tags

CCSS.L.3.2D

CCSS.L.2.2C

CCSS.L.1.1B

The action enters money into an account.

• Deposit
• Withdrawal
• Loan
• Deduction

Tags

CCSS.L.3.1A

CCSS.L.1.1E

CCSS.L.K.1B

This action removes money from an account, either at the bank or an ATM.

• Withdrawal
• Deposit
• Loan
• Credit

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

This transaction removes funds from your account.

• Debit
• Credit
• Loan
• Deposit

Tags

CCSS.6.NS.C.5

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

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.3

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

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

CCSS.7.RP.A.3

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

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

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

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