Banking Test

Items that you own that have value, such as a house, car, stocks, bonds, or the amount of money you have.

• material
• assets

An account in which you store money for an extended amount of time and gain interest.

• checking account
• savings account

Additional charges that you have to pay to receive the bank's services.

• fees
• union dues

Allows employers to electronically transfer money, such as paychecks or refunds, to your bank account.

• direct deposit
• transfers

A plastic card that allows you to spend money directly from your checking account, which can be a convenient way to make purchases.

• credit card
• debit card

Bank-owned machines that allow you to deposit cash or checks, withdraw money, and check your account balance.

• cash-app
• ATMs

This provides insurance to protect your money in the event your bank fails.

• NCUA
• FDIC

When you need to remove money from your bank account, you will make a _______________.

• withdrawal
• deposit

Written documents directing your bank to pay a specific amount of money from your checking account to another person or business.

• credit card
• check

If you spend more money than you have in your bank account, your bank may charge an ____________ ____.

• alternate account
• overdraft fee