Checking, banking, and megabyte money

What is a benefit to using a checking account

• direct deposit

• proof of payment

• Convenience

• all of the above

You can do all of the following with online banking EXCEPT

• Transfer money from your account someone else's account

• Receive alerts when you account information has been changed

• Get cash from your account

• Deposit a paycheck to your account

Where do you write the amount of the check in words?

• On the memo line

• On the line below “Pay to the Order of”

• the box on the right

• On the back of the check

What must you always write on the line that says "Pay to the Order of"?

• Your Name

• the amount in numbers

• the payee

• the date

Which of the following statements are true

• Using cash is always better than using a checking account

• The bank will not honor a check when the signature does not match what is on the signature card

• Debit cards can only be used in ATM machines

• A restrictive endorsement is just a signature on the back of the check

Which of the following is true

• Check aren't in any order

• The payee is the person/company receiving the check

• On the bottom of your check only has your account number listed

• It's reconmended that you sign your check first

FDIC means

• your money will earn more interest

• your money is insured and safe

• where your money is kept

• how your money is direct deposited

A debit card

• only good for online purchases

• only allows you to deposit money

• allows you to make purchases and deposit money electronically

• allows you to charge goods and services

What does PIN mean?

• Personal Identity Now

• People In Nation

• Personal In Name

• Personal Identification Number

  
  

Checks

• the payment in words and in numbers don't have to match

• When using a regular checking acct, there is a limit to how many checks you can write

• should be written in black or blue ink

• can be written first then, written in your check register