Checking Accounts

Money added to a checking account is called a

• withdrawal

• deposit

• endorsement

• drawee

To take money OUT of your account, is called:

• WITHDRAWAL
• DEPOSIT
• TRUST
• STEAL

Cash can be withdrawn from a checking account using all of the following except a(n)...

• debit card. 
• check. 
• ATM.
• credit card.

Tags

CCSS.2.MD.B.6

This occurs when the amount you withdraw from your account is more than your balance.

• Overdraft

• Overdue Payment

• Stop Payment

• Funds Transfer

Tags

CCSS.6.NS.C.7C

Which of the following best describes what FDIC Insurance is?

• A government backed policy that protects your money if a bank fails

• A bank program that protects you from high overdraft fees

• Additional accounts offered by banks to save for car and home insurance

Which of the following is an example of online bill pay?

• Using a person-to-person app to repay your friend for dinner

• Using Apple pay to purchase your groceries at a store

• Setting your bank to send your rent to the landlord monthly on the 25th

This account allows you to deposit money at a bank for safekeeping.

• Saving Account
• Checking Account
• Bill Account
• Casino Account

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

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

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

• Withdrawal
• Deposit
• Loan
• Credit

Tags

CCSS.7.NS.A.1A

This transaction removes funds from your account.

• Debit
• Credit
• Loan
• Deposit