Checking Accounts Accessing your money

Place the following milestones in the history of the checking account in chronological order.

• The Paper Check in Invented

• Credit Cards

• ATM's

• ACH Transfer

• Online Bill Payment

Place the following milestones in the history of the checking account in chronological order.

• Debit Cards

• Online Banking

• Online Bill Pay

• Contactless Payments

• Mobile Deposits

Place the following milestones in the history of the checking account in chronological order.

• The Paper Check

• Credit Cards

• Debit Cards

• Online Bill Pay

• Mobile Deposits

Identify which action puts money in your checking account and which action takes money out of your account.

• Money in your account

• Bringing money to the bank and making a deposit

• Not the answer

• ATM withdrawal using a debit card

• Money out of your account

• Not the answer

Identify which action puts money in your checking account and which action takes money out of your account.

• Money in your account

• Mobile deposit of a paycheck

• Not the answer

• Making an online purchase

• Money out of your account

• Not the answer

Identify which action puts money in your checking account and which action takes money out of your account.

• Not the answer

• Not the answer

• Money out of your account

• Visiting a bank teller to make a withdrawal

• Money in your account

• Direct deposit of a pay check

Identify which action puts money in your checking account and which action takes money out of your account.

• Money in your account

• ATM Withdrawal

• Not the answer

• Not the answer

• Money out of your account

• Transferring money from your savings account

Identify which action puts money in your checking account and which action takes money out of your account.

• Money in your account

• Not the answer

• Money out of your account

• Direct Deposit

• Not the answer

• Online Bill Payment

Which of the following is NOT true regarding checking accounts?

• This type of account offers easy access to daily transactions while keeping your money safe

• Checking accounts typically can be linked to debit cards you can use to withdraw money or make purchases

• You should only keep the money you need in checking accounts so the rest of your money can earn interest.

• There is no fee or penalty if your checking account goes into a negative number.

Does the description best apply to a checking account or a savings account?

"An account for now"

• Checking Account

• Savings Account

• Both