Checking Accounts

Money added to a checking account is called a

• withdrawal

• deposit

• endorsement

• drawee

What is the starting balance on this check register?

• 4720.33
• 4500.00
• 4500.75
• 4320.00

This is a written request to your bank to take money from your account & pay it to someone else.

• Check
• Telephone Call
• Text
• Email

The action enters money into an account.

• Deposit
• Withdrawal
• Loan
• Deduction

This action removes money from an account, either at the bank or an ATM.

• Withdrawal
• Deposit
• Loan
• Credit

What should be written on line 6?

• the date
• the amount of the check
• who the check is going to
• your signature

A debit card is

• Like an ATM card, but you can also use it to make purchases at retail locations and funds are wirthdrawn directly from your checking account

• The same as a credit card, buy now, pay later

• Similar to a gift card from a retail store, since you buy the debit card and replenish the funds once a month.

• Only used to get cash from an ATM

When you take more money out of your account than you have in it, that is called:

• A debit transation

• Balancing your account

• An overdraft

• When A monthly service fee

The best way to avoid overdrawing your account or writing a "bad Check" is to

• Only write on check per month

• Not use your ATM and a checkbook at the same time

• Record all of your trasations

• Use online banking and bill payment services

Sherwood Bennett, who has a checking account at Big Bucks Bank, is writing a check to Cassie Porter, who has a checking account at Lots a Loot Bank.
What should be written on the "Pay to the order of" line of the check?

• Big Bucks Bank
• Cassie Porter
• Lots a Loot Bank
• Sherwood Bennett