5 - Financial Services

Money added to a checking account is called a

• withdrawal

• deposit

• endorsement

• drawee

Always use permanent ink when writing a check.

• True

• False

Writing the dollar amount in both numbers and words makes your check more secure.

• True

• False

What is the correct spelling?

• forty

• fourty

• fortie

• fourtie

Sally goes to the bank. She puts her babysitting money in her account. Sally has made a

• Deposit

• Withdrawal

Katie goes to the bank. She takes money out of her account. Katie has made a

• Deposit

• Withdrawal

What is wrong with this check?

• Name is incomplete

• Check amount is not written out

• Signature issues

• Date issues

Using a person's own money is physical form.

• Credit Cards

• Cash

• Debit Cards

• Online Banking

What type of method of payment charges overdraft fees if you don't have the money in your account?

• Cash

• Credit Cards

• Debit Cards

• Online Banking

What must be used to do online banking?

• Cash

• Debit Card

• Internet