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Checking Vocabulary

Total questions: 29

Worksheet time: 15mins

Name
Class
Date
1.

any activity or business carried on with a bank such as withdrawals and deposits

a)

transaction

b)

cancelled check

c)

check

2.

a check that has been returned to payer after the payment has been subtracted from the account balance by the bank; it may not be used again

a)

outstanding check

b)

cancelled check

c)

debit

3.

a card used when opening a new account that inclues name, address, birthdate, etc

a)

credit

b)

debit card

c)

signature card

4.

a written order to the bank that tells it to take a state amount of money from your account and pay it to someone else

a)

check

b)

outstanding check

c)

signature card

5.

a fee paid to you for keeping your money in the account or a fee charged to you for a loan or credit card.

a)

credit

b)

interest

c)

debit

6.

a business that cashes checks, giving the customer cash in exchange for a fee for the service

a)

ATM

b)

Bank

c)

Check Cashing Store

7.

to balance your checking account with your monthly statement from the bank

a)

credit

b)

reconcile

c)

bank statement

8.

a sum of money deposited into an account; you can use this credit to charge merchandise or borrow money

a)

debit

b)

ATM

c)

credit

9.

allows a customer to get out physical currency from their account

a)

transaction

b)

ATM

c)

signature card

10.

insuring deposits in the US banks against bank failure

a)

deposit

b)

debit

c)

FDIC (Federal Deposit Insurance Corporation)

11.

a sum of money deducted from your account

a)

debit

b)

credit

c)

interest

12.

a card that is loaded with a specific cash amount before you use it but looks and works like a credit card until thfull value is spent

a)

credit card

b)

deposit slip

c)

prepaid card

13.

a card that allows the holder to make purchases without cas by borrowing money

a)

debit card

b)

credit card

c)

prepaid card

14.

a form you fill out to credit money to your account when you make a deposit

a)

deposit slip

b)

bank statement

c)

check register

15.

an online process that allows you to send money directly from your checking account to a friend via email or cell phone

a)

debit card

b)

endorse

c)

person to person payment

16.

to sign the back of a check made out to you so it can be cashed or deposited

a)

endorse

b)

signature card

c)

deposit

17.

a plastic card that enables you to do ATM transactions and to make purchases instead of using cash or writing a check

a)

credit card

b)

debit card

c)

signature card

18.

the bank's accounting of your transactions

a)

bank statement

b)

checkbook

c)

check register

19.

a deposit that has been made but not yet added to the person's bank account

a)

deposit slip

b)

outstanding check

c)

outstanding deposit

20.

to write a check or make a withdrawal when there isn't enough money in the account to pay for it

a)

direct deposit

b)

overdraw

c)

outstanding deposit

21.

money you put into your account

a)

withdrawal

b)

deposit

c)

overdraw

22.

not having enough funds in your account when presenting a check or transaction for payment

a)

insufficient funds

b)

fee

c)

debit card

23.

a handy portfolio that holds your check register, checks, deposit slips, receipts and other ATM/debit card transactions

a)

checkbook

b)

check register

c)

deposit slip

24.

a record that allows you to keep track of checks you have written, ATM/debit card transactions, as well as deposits and withdrawals.

a)

check book

b)

check register

c)

deposit slip

25.

to write a future data on a check

a)

post-date

b)

direct deposit

c)

pre-date

26.

your employer automatically deposits your paycheck into your account

a)

check

b)

debit card

c)

direct deposit

27.

the amount of money you have in your bank account

a)

deposit

b)

bank statement

c)

balance

28.

the person to whom the check is made payable

a)

payee

b)

payor

c)

signature card

29.

A check that has been written but not yet deducted from the person's bank account

a)

check cashing store

b)

cancelled check

c)

outstanding check