Checking Accounts

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

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

This action enters money into an account.

• Deposit
• Withdrawal
• Loan
• Deduction

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

• Withdrawal
• Deposit
• Loan
• Credit

This action allows movement of funds from one account to another.

• Transfer
• Debit
• Credit
• Loan

Orrin had $541.06 in his checking account, and a check that he wrote to his landlord for $560.00 just cleared. This will result in which of the following fees?

• overdraft fees

• service fees

• atm fees

• over spending fee

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

Jean Bernard, who has a checking account at Treasure Trove Bank, is writing a check to Frank Walton, who has a checking account at Mucho Dinero Bank. What should be written on the "Pay to the order of" line of the check?

• Frank Walton
• Jean Bernhard
• Mucho Dinero
• Treasure Trove Bank

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

The checking account fees for Banks A, B, C, and D are shown in the table:
If a customer writes 26 checks per month, which bank will charge him the least in fees

• Bank A
• Bank B
• Bank C
• Bank D

A checking account is best used for...

• Saving money

• keeping money you spend

• Investing money

• direct depost of your paycheck