Banking Terms Knowledge Check

A check register is a record of money being deposited and withdrawn from the account.

• True

• False

What do you call a person or company you are paying money to?

(Hint: You are the payer)

• employer

• payee

• Bill

• check register

What does ATM stand for?

• Answering the Machine

• Automated Teller Machine

• American Terminal Machine

• Assisting Teller Machine

Which bank term means to debit an account?

• withdraw

• deposit

• check

• ATM

Which bank term means putting money in to the account?

• deposit

• withdrawal

• payee

• checking

This is a piece of paper that is equal to cash...

• checking account

• withdraw

• check

• check register

A checking account is a bank service where people put money they use frequently.

• True

• False

The check number is located where on a check?

• top right

• top left

• in the middle

• bottom left

Check all that apply!

Identify the parts that are on a check register.

• transaction description

• balance

• debit

• credit

The payee can be a person or a business.

• True

• False