Banking Services Review

What gives customers 24-hour access to banking services, such as deposits and withdrawals?

• Automated teller machines

• insufficient funds

• interest

• maintenance fee

What is a written order used to tell a bank to pay money from one account to the check holder?

• deposit slip

• direct deposit

• check

• checking account

What is used to deposit payroll or government checks directly into an account?

Which account is available in many states for low-income consumers?

• basic checking account

• free checking account

• NOW account

• lifeline checking account

Foster Bank charges a monthly maintenance fee of $17 and a check writing fee of $0.05 per check. Last year, Amina wrote 445 checks from her account at Foster. What was the total of all fees she paid on that account last year?

Ariel has a balance of $1,200 in her First State Bank checking account. She deposits a $387.89 paycheck, a $437.12 dividend check, and a personal check for $250 into her account. She wants to receive $400 in cash. How much will she have in her account after the transaction?

Elaine has m dollars in her checking account. On December 8, she deposited $1200, r dollars, and $568.90. On December 8 the bank also cleared a check she wrote for t dollars and one for $73.70. Write an algebraic expression that represents the amount of money in her account after the transactions.

What is the Simple Interest Formula?

What is the percentage of money that is in an account that a bank pays on some accounts?

• Interest

• Interest Rate

• Simple Interest

What does the t stand for in the Simple Interest Formula?

• interest

• principal

• annual interest rate

• number of years