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WorksheetsChecking Accounts
Total questions: 30
Worksheet time: 16mins
This action enters money into an account.
Orrin had $541.06 in his checking account, and a check that he wrote to his landlord for $560.00 just cleared. This will result in which of the following fees?
overdraft fees
service fees
atm fees
over spending fee
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?
If a customer writes 26 checks per month, which bank will charge him the least in fees
A checking account is best used for...
Saving money
keeping money you spend
Investing money
direct depost of your paycheck
What is this paper?
It's a tax return paper
It's a credit card statement
It's a bank statement
The number of withdrawals allowed on a checking account are usually limited.
True
False
If you use an ATM that is not sponsored by your bank, you may be...
given extra money.
sent a notice by your bank.
not allowed to get money.
charged a fee.
You are writing a check to Spectrum for $50.25 on October 23, 2020 for your October Internet Bill. What would go in blank A?
10/23/2020
Spectrum
50.25
fifty and 25/100
October Internet Bill
You are writing a check to Spectrum for $50.25 on October 23, 2020 for your October Internet Bill. What would go in blank C?
10/23/2020
Spectrum
50.25
fifty and 25/100
October Internet Bill
If you deposit money into a checking account, you _____ in your check register.
add
subtract
multiply
divide
If you withdraw money from a checking account, you ____ in your check register.
add
subtract
multiply
divide
You have $550 in your checking account. You deposit a check for $50 and withdraw $75. What is your account balance after these transactions?
$550
$600
$525
$575
What is the definition of a check?
Which item will NOT be found on your checking account bank statement?
bank address
cleared check
voided check
current balance
How often will your bank send a statement with your current transactions?
twice a month
weekly
every six months
monthly
Your bank may encourage you to "go paperless" with your statement. What does that mean?
get a recording of your statement
get your statement electronically
request not to have a statement
pick up a copy at your local branch
How much does Mary Jane Smith get paid at her job?
$272.45
$2100.00
$729.96
$250.00
If your posted checks are out of order on your bank statement, this might be because...
you have voided a check
the bank has lost a check
you skipped a check in your checkbook
the check is outstanding
How many checks are posted on this statement?
3
4
13
2
How many withdrawals are shown on this bank statement?
3
13
4
9
Which items would appear on your bank statement?
your account number
your current balance
your direct deposits
your ATM pin number
If you had an automatic payment to Genoa bank for your car payment of $230.75, which is the correct way to record this in your check register?
