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

People who are unbanked are most likely to...

• Use a mobile banking app

• Receive a monthly statement of their transactions

• Deposit their checks at the ATM

• Incur lots of fees at Check Cashers to access their money

Cash can be withdrawn from a checking account using all of the following except a(n)...

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

What do you need to withdraw cash from an ATM?

• Pin Number
• Debit Card
• Cash in your Account
• All of the Above

If you use an ATM that is not sponsored by your bank, you may be...

• given extra money.
• given a hug.
• given ice cream.
• charged a service fee.

Ashley wants to make a purchase using the money in her checking account. What method of payment should she use to access these funds immediately and directly?

• credit card

• debit card

• direct deposit

• prepaid card

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

• Overdraft

• Overdue Payment

• Stop Payment

• Funds Transfer

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