Unit 4 - Banking Services

Fee for writing a check for more money than you have in your account.

• APY

• Maintenance Fee

• Monthly Service Fee

• Overdraft/NSF Fee

When determining the amount of interest earned on a savings account, which of these compounding time periods provide you the highest rate of return?

• Daily

• Weekly

• Monthly

• Annually

This is a bank check you can order in case someone doesn't accept personal checks.

• Certified Check

• Cross Check

• Cashier's Check

• Coat Check

Type of check endorsement that is "for deposit only".

• Special Endorsement

• Blank Endorsement

• Restrictive Endorsement

Computer terminal that allows the withdrawal of cash and perform other banking transactions.

• ATF

• FDIC

• IRS

• ATM

Plastic card that allows you to withdraw money or make payments from your bank account.

• Debit Card

• Credit Card

Type of savings plan that requires a high minimum balance and pays variable interest rate.

• Checking Account

• Money Market

• Debit Card

• Regular Savings Account

Process in which interest is earned on both the principal and previously earned interest.

• Compound Interest

• Simple Interest

• Direct Deposit

• FDIC

Type of savings plan where money is left on deposit for a stated period of time.

• Checking Account

• Certificate of Deposit (CD)

• Money Market

• Savings Account

When an employee's paycheck is automatically added to their bank account.

• Automatic Payment

• FDIC

• Debit Card

• Direct Deposit