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Total questions: 10
Worksheet time: 5mins
Automatic Teller Machine. Allows a person to manage a bank account holder's funds through actions such as withdrawing or depositing money, viewing account balances, etc.
FDIC Insurance
Check Cashing Store
ATM
Protection provided by the Federal Deposit Insurance Corporation; protects the deposits of customers against loss up to $250,000 per account
Check Cashing Store
FDIC Insurance
Bank Statement
A bank statement is a monthly document prepared by your financial institution which shows all of the transactions related to your account
True
False
The AMOUNT of money you have in your bank account
Balance
ATM
Deposit
When you DEPOSIT money INTO your bank account you:
Take money out of your account
Put money into your account
A fee charged to your account when it lacks the funds to cover a withdrawal, but the bank allows the transaction to go through anyway
ATM Withdrawal Fee
Overdraft Fee
Maintenance Fee
When you WITHDRAW money out of your account you:
Take money out of your account
Put money into your account
An automatic electronic deposit of net pay to an employee's designated bank account
Check
Deposit Slip
Direct Deposit
A card that is directly connected to your checking account; it enables you to conduct ATM transactions and to make purchases instead of using cash or writing a check
Debit Card
Credit Card
A card that allows the holder to make purchases without cash by BORROWING money
Debit Card
Credit Card
