Checking Account Quiz

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

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

This is a written request to your bank to take money from your account & pay it to someone else.

• Check
• Telephone Call
• Text
• Email

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

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

The action enters money into an account.

• Statement Credit

• Withdrawal

• Loan

• Statement Debit

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

• Withdrawal

• Deposit

• Loan

• Credit

A deposit that is electronically transferred from your employer's checking account to your checking account is called a(n) __________________________

• direct deposit

• ATM

• checking account

• personal identification number

Which fee(s) may banks charge you for using another bank's ATM?

• Online Statement Fee

• Monthly Maintenance Fee

• Out- of-Network ATM Fee

• Sufficient Funds Fee

When you spend more money than you have in your account, you might get a/an . . .

• overdraft fee

• ATM fee

• foreign transaction fee

• minimum balance fee

To avoid overdraft fees, you should . . .

• withdraw the amount you need in cash before making a purchase

• only use credit cards for purchases

• always check to make sure you have enough money before you make a purchase

• only write checks

a business that deals with transactions involving money

• deposit
• financial institution