Checking Terminology Quiz

Who is the person or entity that writes a check?

• Check Stub

• Payee

• Payor

• Service Charge

What is a record of all checks written, deposits made, and other transactions in a checking account?

• Check Endorsement

• Check Register

• Minimum Balance

• Non-sufficient funds

What is the signature on the back of a check that allows it to be cashed or deposited?

• Check Register

• Check Endorsement

• Minimum Balance

• Payor

What is the term for the amount of money available in a checking account?

• Service Charge

• Balance

• Non-sufficient funds

• Check Stub

What term describes a situation where there is not enough money in an account to cover a transaction?

• Minimum Balance

• Non-sufficient funds

• Payee

• Check Endorsement

What is the fee charged by a bank for maintaining a checking account?

• Check Stub

• Service Charge

• Balance

• Payee

Which term refers to the person or entity that receives payment from a check?

• Payor

• Check Register

• Payee

• Non-sufficient funds

What should be written on line 2?

• The date

• The amount of the check

• Who the check is going to

• Your signature

When writing a check, you are NOT required to

• sign the check.

• write the date on the check.

• write who the check is to.

• write what the check is being used for.

What should be written on line 2?

• The date

• The amount of the check

• Who the check is going to

• Your signature