Banking and Checking Account Unit Review

This is an account used to save money for the future, often earning interest

• Savings Account

• Checking Account

• Balance

• Bank

This is when you are putting money into your account

• Balance

• Debit Card

• Withdrawal

• Deposit

The amount of money that you have in your account

• Debit Card

• Check

• Balance

• Interest

Sophia Smith is making a deposit. She has checks totaling $276.51 and $678.90. She also has 4-ten dollar bills, 3- five-dollar bills, 2 one-dollar bills and quarters totaling $8. Find the total deposit.

• $968.41

• $1,020.41

• $955.41

• $860.41

A withdrawal is ...

• The amount of money that you have in your account

• The money earned from having money in your savings account

• When you are taking money out of your account

• When you are putting money into your account

A checking account is...

• An account used to store money that you can withdraw anytime using a debit card, checks or ATMs

• A paper form of payment, when money is transferred from your checking account to the recipient

• A place

• An account used to save money for the future, often earning interest

Fill in the blank : ________________ is a card that allows you to take money from your checking account to pay for things

• Check

• Credit Card

• Debit Card

• ATM

TRUE OR FALSE : A check is a paper form of payment, when money is transferred from your checking account to the recipient.

• TRUE

• FALSE

TRUE OR FALSE: An ATM is a machine that allows you to withdraw money from your bank account or check your balance.

• FALSE

• TRUE

FILL IN THE BLANK: _______________ is money earned from having money in your savings account

• Balance

• Deposit

• Interest

• ATM