Checking Accounts

What type of account is a checking account?

• time deposit

• demand deposit

• investment

• 401 K

When you put money into a checking account it's called a:

• deposit/credit

• withdrawal/debit

When you take money out of your checking account, it is called a:

• withdrawal/debit

• deposit/credit

What is it called when you sign the back of a check in order to deposit it into the bank?

• endorse

• signature card

• contingency

• embellish

What type of transaction has not yet cleared through the bank?

• insufficient

• incredible

• outstanding

• overdraft

When you have $20 in your checking account, but you spend $35 on gas, what will happen?

• insufficient funds

• ATM fees

• routing number release

• minimum deposit

What is the number on an account that specifies which financial institution your account is housed with?

• routing number

• account number

• ISBN number

• USPC code

What is the number that denotes an account belongs to you and what type of account it is (checking, savings, etc)

• account number

• routing number

• ISBN number

• VIN number

What can you add to your account to prevent you from spending money you don't have?

• outstanding credit

• overdraft protection

• service fee

• FDIC insurance

What type of number is needed to access your money at an ATM?

• VIN

• PIN

• social security

• ISBN