Checking Account

Money added to a checking account is called a

• withdrawal

• deposit

• endorsement

• drawee

To put money $$ in the bank, is called:

• WITHDRAWAL
• DEPOSIT
• INVEST
• WRITE A CHECK

To take money OUT of your account, is called:

• WITHDRAWAL
• DEPOSIT
• TRUST
• STEAL

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

• True

• False

What is wrong with this check?

• Name is incomplete

• Check amount is not written out

• Signature issues

• Date issues

How much is the check worth?

• $5

• $50

• $500

• $0

The balance in your account is $500.  You then deposit $23 into your account.  What is your new balance?

• $500
• $477
• $523
• $23

The bank issued card that deducts money directly from the checking account is

• debit card
• credit card
• savings account
• money market

What should be written on line 6?

• the date
• the amount of the check
• who the check is going to
• your signature

A check written for more money than your account contains.

• blank endorsement
• special endorsement
• overdraft
• restrictive endorsement