Checking & Banking

A canceled check is one that has cleared your account

• True

• False

A check written for more money that your account contains is called an overdraft

• True

• False

It is acceptable to write and sign checks in pencil

• True

• False

A joint account is opened by two or more people

• True

• False

FDIC insurance protects the deposits of customers against loss up to $250,000 per account.

 

• True

• False

It is acceptable to do banking on your app or use internet banking on open wifi

• True

• False

A check written by a bank on its own funds is called a

 

 

•  

  check.

• cashier’s check.

• traveler’s check.

• money order.

A(n) __________ is a written order to a bank to pay the amount stated to the person or business named on it.

• Deposit

• Check

• Withdrawal

• Receipt

A(n) __________ card is a plastic card that allows immediate deductions from a checking account to pay for purchases.

• ATM

• Bank

• Check

• Debit

With __________ protection, your checks will be covered even if you have insufficient funds in your checking account.

• Underdraft

• Overdraft

• Cover it

• Special