A financial institution usually requires that an individual write a check or pay in cash for monthly service fees.

Another name for an overdraft fee is non-sufficient funds.

It is ok to leave the amount portion of a check blank if you are unsure of the amount of an upcoming purchase.

Outstaning checks are checks written by the account owner but have yet to be processed by the bank.

The drawer is the person writing check.

The payee is the financial institution the check is written on.

Which of the following insures checking accounts at a bank or a credit union? (you must choose more than one) HINT: there are two correct answers

The only time you need to sign a deposit slip is when you are getting cash back after a deposit.

Approximately how often does a financial institution send a bank statement to an account holder?

Which part of the check is the least important?

You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money?

When it comes to saving money, what is a good rule of thumb?

Peer to Peer payment mostly involve funds being transferred from employers to employees (direct deposits).

Typically, a person must be a member of a credit union to use its financial services.

If there is an error in a bank savings register, it typically means the bank has made an error.

All financial institutions and banks charge the same types of fees.