Checking Accounts #2

Cash can be withdrawn from a checking account using all of the following except a(n)...

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

Withdrawals on a checking account are usually  unlimited.

• True

• False

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.

Tags

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

CCSS.RI.8.3

Commercial banks, such as Wells Fargo and Sun Trust, have which type of insurance for banking customers?

• SIPC, up to $250,000

• NCUA, up to $250,000

• NAACP, up to $250,000

• FDIC, up to $250,000

This account allows you to withdraw money, pay a bill, or make purchases easily.

• Checking Account
• Savings Account
• Market Money Account
• CD Account

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

This is a written request to your bank to take money from your account & pay it to someone else.

• Check
• Telephone Call
• Text
• Email

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

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

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

The action enters money into an account.

• Deposit
• Withdrawal
• Loan
• Deduction

Tags

CCSS.7.NS.A.1B

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

• Withdrawal
• Deposit
• Loan
• Credit

Tags

CCSS.7.NS.A.1A