NGPF Checking Unit 2

ATM

• The amount of money you have in your bank account

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

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

• A sum of money deposited INTO an account

Direct Deposit

• Money you put into your account

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

• A form you fill out to credit money to your account when you make a deposit

• An automatic electronic deposit of net pay to an employee's designated bank account

   

Balance

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

• The amount of money you have in your bank account

• A sum of money deposited INTO an account

• Money you put into your account

Deposit Slip

• A card that is directly connected to your checking account; it enables you to conduct ATM transactions and to make purchases instead of using cash or writing a check

• Money you put into your account

• A form you fill out to credit money to your account when you make a deposit

• An automatic electronic deposit of net pay to an employee's designated bank account

A sum of money deducted FROM your account

A card that is directly connected to your checking account; it enables you to conduct ATM transactions and to make purchases instead of using cash or writing a check

Money you put into your account

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

• True

• False

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

• True

• False

A (Blank) allows the holder to make purchases without cash by borrowing money