Lesson 6 Checking Vocabulary Quiz Review

Allows a person to manage a bank account holder's funds through actions such as withdrawing or depositing money, viewing account balances, etc.

• overdraft protection

• ATM machine

• bank statement

• balance

The amount of money you have in your bank account

• withdrawal

• credit

• debit

• balance

A monthly document prepared by your financial institution which shows all of the transactions related to your account

• voided check

• bank statement

• wire transfer

• postdate

A check that has been paid or cleared by the bank. It will appear on your bank statement.

• voided check

• bank statement

• cancelled check

• postdate

A written, dated, and signed order to the bank that tells it to pay a definite sum of money to a payee

• deposit

• check

• withdrawal

• credit

A handy portfolio that holds your check register, checks, deposit slips, receipts, and other records of ATM/debit card transactions

• checkbook

• bank statement

• deposit slip

• outstanding check

A business that cashes checks and gives the customer cash in exchange for a fee for the service

• credit union

• check cashing store

• bank

A record that allows you to keep track of checks you have written, ATM/debit card transactions, as well as deposits and withdrawals

• checkbook

• check register

• debit

• credit

A sum of money deposited INTO an account

• credit

• debit

A card that allows the holder to make purchases without cash by borrowing money

• debit card

• credit card