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WorksheetsOnline Banking and Checking Accounts Quiz Part 1
Total questions: 27
Worksheet time: 14mins
Automatic teller machine, a bank machine that gives out cash from your account and accepts deposits around the clock.
ATM
Balancing (a checkbook)
Bank
Bank Statement
A periodic (usually monthly) check that your account balance and statements accurately reflect the actual deposits made to the account and the checks written against.
ATM
Balancing (a checkbook)
Bank
Bank Statement
Financial institution at which you can get a checking account or savings account.
ATM
Balancing (a checkbook)
Bank
Bank Statement
Monthly document from your bank that shows all transactions in your account.
ATM
Balancing (a checkbook)
Bank
Bank Statement
Writing a check for more money than a bank account contains.
Bouncing (a check)
Check
Check register
Credit union
A debit against your checking account written on paper form.
Bouncing (a check)
Check
Check register
Credit union
The book in which you keep records of checks, deposits, debit card transactions, and ATM withdrawals.
Bouncing (a check)
Check
Check register
Credit union
A credit union is a member-owned financial institution that offers many of the same services as a bank.
Bouncing (a check)
Check
Check register
Credit union
Like a credit card, but directly attached to a checking account; a _____ ____ can be used to pay for items at a store.
Debit card
Direct deposit
Fees
Interest-bearing checking account
Overdrafts
An automatic deposit of a paycheck without having to take a physical check to the bank.
Debit card
Direct deposit
Fees
Interest-bearing checking account
Overdrafts
Service fees for use of the checking account, built into the service agreement.
Debit card
Direct deposit
Fees
Interest-bearing checking account
Overdrafts
A checking account that pays interest on the balance.
Debit card
Direct deposit
Fees
Interest-bearing checking account
Overdrafts
Amounts withdrawn from your account beyond the money the account holds.
Debit card
Direct deposit
Fees
Interest-bearing checking account
Overdrafts
A savings account is to save money and grow interest.
True
False
A way of growing your money.
Interest
Credit
Deposit
Withdrawal
Getting a loan.
Interest
Credit
Deposit
Withdrawal
Putting money into an account.
Interest
Credit
Deposit
Withdrawal
Taking money out of an account.
Interest
Credit
Deposit
Withdrawal
Where one or more people have their names on the account.
Joint banking account
Clear
Minimum balance
Void
When the bank has to make sure that the check has enough money within the checking account.
Joint banking account
Clear
Minimum balance
Void
The minimum amount of money that you must have in your checking account.
Joint banking account
Clear
Minimum balance
Void
If you make a mistake on the check you must write this and don't throw the check out.
Joint banking account
Clear
Minimum balance
Void
What can we go to the bank for?
A savings account
Credit
Checking accounts
Overdraft payments
Why can a person have all three of these: a savings account, credit, and a checking account.
Because they are all different.
Because they are all the same.
Because they all require the same type of check.
Because they all can be used with an ATM.
What is needed to open a checking account?
A social security account
Money to deposit
Be at least 18 years old
A check register
An ATM account
You cannot use your debit card to withdraw money from your checking account.
True
False
Options for banking accounts:
Interest-bearing account
No minimum requirement
Free checks
Vanity checks (have pictures on them)
