Checking Accounts Test Review

Money you add to your checking account.

• account balance

• overdrafts

• deposits

• withdrawals

Tool used to keep track of all transactions made in a checking account.

• depository institution

• debit cards

• check register

• bank statement

Type of bank account that allows you to deposit and withdraw money, make purchases using a debit card, and write checks to pay bills or other people.

• internet bank

• checking accounts

•  endorsement

• community bank

Summarizes all the financial transactions that occurred in your checking account for the month.

• bank statement

• check register

• account balance

• debit cards

Financial Institution that provides banking services exclusively online.

• depository institution

• commercial banks

• internet bank

• credit union

Type of bank that is locally owned and operated.

• commercial banks

• internet bank

• community bank

• credit union

When you spend more money than you have in your account.

• overdrafts

• commercial banks

• endorsement

• withdrawals

A financial institution that accepts money from customers and deposits it into the customer’s account.

• community bank

• checking accounts

• internet bank

• depository institution

Money you take out of your checking account.

• debit cards

• withdrawal

• deposit

• check

Card that is linked to your checking account and allows you to make purchases or get cash using the funds in your account.

• debit card

• credit card

• check

• bank statement