WorksheetsChecking Account/Writing a Check/Endsorsements
Total questions: 46
Worksheet time: 48mins
Money added to a checking account is called a
withdrawal
deposit
endorsement
drawee
What is wrong with this check?
Name is incomplete
Check amount is not written out
Signature issues
Date issues
This will result in which of the following fees?
When writing a check, you should use ___ ink.
red
black or blue
any color is fine
The two sets of numbers found at the very bottom of checks are... (Pick 2!!!)
product numbers from the company that prints the checks.
bank routing number (transit number)
your account number
a code showing the date and the bank branch where you opened your account.
When you are writing out a check, on the DATE line, you should put...
the date the payment is due.
the date the bill was issued.
the date that you are writing the check.
the date that you are planning to mail the check.
Which of these is an example of writing this number amount properly in words on a check: $57.82
Fifty seven dollars and eighty two cents
Fifty seven and 82/100
Fifty seven and 82/100---------------------
You don't have to write out the amount in words.
Once you have written the check it must be recorded where?
can mail it out.
give it to the person / company.
must sign it.
check register
In your CHECK REGISTER, if you have your paycheck electronically put into your account by the company that you work for, you should record this in the _____ column.
Deposit
Withdrawal
In your CHECK REGISTER, your BALANCE is...
how much money you are using to pay a bill.
how much money you are having deposited into your account.
how much money you have in your checking account.
how much money you have in the bank in checking and savings.
When you RECONCILE your checking account, you...
record deposits and withdrawals in your check register.
compare the balance in the check register to the balance the bank says you have in your checking account.
fill out a DEPOSIT SLIP.
If you "BOUNCE" a check, it means...
you didn't have enough money in the account to cover the check.
you put a date on the check that is in the future so it can't be cashed until then.
you forgot to sign the check, so your payment was late.
None of these.
If you write a check that you don't have enough money to cover, the bank...
will cover it for you, up to $100.00
will call you to fix the problem.
will charge you a fee for the "bounced" check.
Which number in the diagram represents the routing number?
3
9
10
11
Which number in the diagram represents the account number?
9
10
11
12
A
B
C
D
A
B
C
D
Written record of all transactions in your checking account
Cancelled Check
Bounced Check
Check
Checkbook Register
The bank the check is written on
Debit Card
Drawee
Drawer
Payee
Person who writes the check and has the bank account
Debit Card
Drawee
Drawer
Payor
Signature on the back of the check designating who to pay
Debit Card
Drawer
Drawee
Endorsement
Person or business the check is written to
Payee
Drawer
Drawee
Endorsement
Tells the bank to not process a check that has been written
Stop Payment Order
Voided Check
Stale Check
Outstanding Check
A check you mark through because you made a mistake writing it
Outstanding Check
Postdated Check
Stale Check
Voided Check
What should be written on the "Pay to the order of" line of the check?
Hailey's bank is FDIC Insured. What is the benefit to Hailey?
She can use her bank card at any bank, nationwide, without incurring a fee
If Wanda’s bank goes out of business, she will receive all of her money back from her accounts up to $250,000
She will receive a debit card and a checkbook she can use to make purchases
If she makes a purchase with her debit card and the item breaks, she’ll get a full refund
A check requires an endorsement. Who endorses the check?
the bank
the payee
Another name for an overdraft fee is non-sufficient funds.
true
false
An endorsement that transfers the right to cash the check to someone else. Also known as a two party check.
An endorsement that restricts for deposit to an account number.
Two types of check that are guarantees by the bank. (Pick two)
What is A on the check?
check number
date check was written
Name and address of the checking account holder
Routing Number
Where would you write out the amount of the check in words?
1
2
4
6
Where would you put the reason you are writing the check?
6
5
3
2
To avoid ATM fees, you should . . .
only use ATMs from your bank or in your bank's network
only get cash back when you make a purchase at a store
never use an ATM
use ATMs near your home
What is a payee?
Person you are paying
The amount of money you are paying
Your signature
What is wrong with this check?
They didn't write who they are paying.
The money amount in dollars is wrong.
The money amount written in words is wrong.
What wrong with this check? (pick two)
They did not draw the line at the end of the money amount.
The dollar amount is wrong.
The check was not signed.
The memo is wrong.
Known as the central bank of the United States
Federal Board
Federal Reserve
Federal Bank
Federal Insitution
