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Checking/Banking Vocabulary

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

savings account

a)

a bank account against which the depositor can drawn checks payable on demand



b)

An account you have at a financial institution that helps you accumulate and save money and earn a small amount of interest at the same time.


c)

a monthly document provided by a bank that shows all deposits, withdrawals, and interest debited and credited to an account


d)

Using the Internet and a bank's website to keep track of bank accounts, moving money from one account to another, and paying bills


2.

withdrawal

a)

A penalty payment for having a negative balance in an account


b)

Person signing a check to release money


c)

Money taken out of a bank account


d)

a fee a bank charges for handling a checking account


3.

signature authorization form

a)

An endorsement found on the back of a check restricting further transfer of a check's ownership


b)

A term used to indicate that the depositor's account is inadequate to cover the check


c)

technology that allows a bank customer to make deposits and withdrawals electronically 24 hours a day from his or her bank account


d)

a document that leaves the account holder's signature on file with the bank to prevent fraud


4.

service charge

a)

a penalty payment for having a negative balance in an account


b)

An endorsement consisting only of the endorser's signature


c)

a bank account against which the depositor can drawn checks payable on demand


d)

a fee a bank charges for handling a checking account


5.

overdraft fee

a)

a penalty payment for having a negative balance in an account


b)

a slip of paper kept by the bank to show how much money you put into your account


c)

a fee a bank charges for handling a checking account


d)

money taken out of a bank account


6.

insufficient funds

a)

A term used to indicate that the depositor's account is inadequate to cover the check


b)

An endorsement found on the back of a check restricting further transfer of a check's ownership


c)

a document that leaves the account holder's signature on file with the bank to prevent fraud


d)

An endorsement that transfers the right to cash the check to someone else


7.

payer

a)

A person to whom a check is written


b)

Person signing a check to release money


c)

Money taken out of a bank account


d)

A document that leaves the account holder's signature on file with the bank to prevent fraud


8.

payee

a)

person to whom a check is written


b)

person signing a check to release money


c)

person who works for the bank


d)

A document that leaves the account holder's signature on file with the bank to prevent fraud


9.

debit card

a)

a bank account against which the depositor can drawn checks payable on demand


b)

A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder


c)

A bank card that deducts the amount of a purchase from the checking account of the cardholder at the end of eachmonth


d)

a bank card against which the depositor can drawn checks payable on demand

10.

online banking

a)

An account you have at a financial institution that helps you accumulate and save money and earn a small amount of interest at the same time.


b)

A financial institution that accepts demand deposits and makes loans and provides other services for the public


c)

companies that offer small cash advances that are intended to cover an expense until the next payday-interest rates are very high


d)

Using the Internet and a bank's website to keep track of bank accounts, moving money from one account to another, and paying bills


11.

restrictive endorsement

a)

An endorsement that transfers the right to cash the check to someone else


b)

An endorsement consisting only of the endorser's signature and the words For Deposit Only


c)

An endorsement on the back of a check consisting of the payers signature


d)

An endorsement consisting only of the endorser's signature


12.

blank endorsement

a)

An endorsement that transfers the right to cash the check to someone else


b)

An endorsement consisting only of the endorser's signature and the words For Deposit Only


c)

An endorsement on the back of a check consisting of the payers signature


d)

An endorsement consisting only of the endorser's signature


13.

special endorsement

a)

An endorsement that transfers the right to cash the check to someone else


b)

An endorsement consisting only of the endorser's signature and the words For Deposit Only


c)

An endorsement on the back of a check consisting of the payers signature


d)

An endorsement consisting only of the endorser's signature


14.

returned check

a)

Using the Internet and a bank's website to keep track of bank accounts, moving money from one account to another, and paying bills


b)

companies that offer small cash advances that are intended to cover an expense until the next payday-interest rates are very high


c)

Consumer doesn't not have enough in account to cover a written check. A fee is charged against the account and the check is returned


d)

a monthly document provided by a bank that shows all deposits, withdrawals, and interest debited and credited to an account


15.

account statement

a)

A financial institution that accepts demand deposits and makes loans and provides other services for the public


b)

a monthly document provided by a bank that shows all deposits, withdrawals, and interest debited and credited to an account


c)

An account you have at a financial institution that helps you accumulate and save money and earn a small amount of interest at the same time.


d)

Consumer doesn't not have enough in account to cover a written check. A fee is charged against the account and the check is returned


16.

commercial bank

a)

A financial institution that accepts demand deposits and makes loans and provides other services for the public


b)

a monthly document provided by a bank that shows all deposits, withdrawals, and interest debited and credited to an account


c)

A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder


d)

Using the Internet and a bank's website to keep track of bank accounts, moving money from one account to another, and paying bills


17.

deposit

a)

Moving money from one account to another. Can be done online through a secure banking website


b)

A slip of paper kept by the bank to show how much money you put into your account


c)

to put cash and or check(s) into an account so that the account is increased


d)

companies that offer small cash advances that are intended to cover an expense until the next payday-interest rates are very high


18.

stop-payment order

a)

a document that leaves the account holder's signature on file with the bank to prevent fraud


b)

An endorsement that transfers the right to cash the check to someone else


c)

the signature of the payee, the party to whom the check has been written


d)

a request that a bank or other financial institution not cash a particular check


19.

deposit slip

a)

a penalty payment for having a negative balance in an account


b)

to put cash and or check(s) into an account so that the account is increased


c)

A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder


d)

A slip of paper kept by the bank to show how much money you put into your account


20.

payday lender

a)

companies that offer small cash advances that are intended to cover an expense until the next payday-interest rates are very high



b)

moving money from one account to another. can be done online through a secure banking website


c)

Consumer doesn't not have enough in account to cover a written check. A fee is charged against the account and the check is returned


d)

to put cash and or check(s) into an account so that the account is increased


21.

checking account

a)

An endorsement that transfers the right to cash the check to someone else


b)

a bank account against which the depositor can drawn checks payable on demand


c)

A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder


d)

An account you have at a financial institution that helps you accumulate and save money and earn a small amount of interest at the same time.


22.

personal identification number

a)

a penalty payment for having a negative balance in an account


b)

a numeric password often used to access ATMs and bank accounts


c)

a term used to indicate that the depositor's account is inadequate to cover the check


d)

An endorsement that transfers the right to cash the check to someone else


23.

reconciliation (bank rec)

a)

Bringing into agreement a bank statement with an individual's account records


b)

Person signing a check to release money


c)

A person to whom a check is written


d)

A term used to indicate that the depositor's account is inadequate to cover the check


24.

ATM (automated teller machine)

a)

technology that allows a bank teller to make automatic payments electronically 24 hours a day from a mutual fund

b)

a document that leaves the account holder's signature on file with the bank to prevent fraud


c)

technology that allows a bank customer to make deposits and withdrawals electronically 24 hours a day from his or her bank account

d)

a monthly document provided by a bank that shows all deposits, withdrawals, and interest debited and credited to an account


25.

transfer

a)

A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder


b)

to put cash and or check(s) into an account so that the account is increased


c)

Moving money from one account to another. Can be done online through a secure banking website


d)

A slip of paper kept by the bank to show how much money you put into your account