WorksheetsQuiz: Checking Accounts and Bank Statements
Total questions: 21
Worksheet time: 10mins
How frequently does John typically receive account statements from his bank?
Daily
Weekly
Monthly
Annually
How much did John Jones have in his account on the first day of the statement period?
-$72.47
$0.55
$694.81
$1,442.61
John has two ATM transactions but only one of them has a fee (Interac). Why?
Interac is an out-of-network ATM and First Bank charges customers if they use out-of-network ATMs.
First Bank charges customers for using their ATMs.
Banks charge fees if you take out less than $100 at an ATM machine.
The first ATM transaction is free but all additional ATM transactions have a fee.
Most employers will pay their employees by directly depositing their paycheck into their checking account. According to his checking account statement, John was paid ___ every ___ .
$200.00, 3 weeks
$694.81, 2 weeks
$300.00, 1 month
$100.00, 2 weeks
Which statement is true regarding Check No. - 409?
This check likely came from John’s employer.
This check was written by John and paid to another person or business.
This check caused John to overdraw his checking account.
This check added $100 to John’s account.
Which transaction caused John to overdraw his account?
The Online Bill Payment for $146.67
Check No. 409 for $100
Check No. 410 for $710.49
The Overdraft Fee of $35
Which fees was John charged on his checking account during this statement period?
Online Transfer Fee, Overdraft Fee, Per Check Fee
Per Check Fee, ATM Fee, Overdraft Fee, Maintenance Fee
Online Transfer Fee, ATM Fee, Maintenance Fee
ATM Fee, Overdraft Fee, Maintenance Fee
3. Which of these would appear in the Credits column of a bank statement for a checking account?
An ATM withdrawal
A direct deposit
An online bill payment
Bank fees
4. Which of these would appear in the Debits column of a bank statement for a checking account?
A transfer of funds into the account
A direct deposit
Interest earned
An online bill payment
11. Bess wrote four checks last month, and these were the only transactions for her checking account. According to her check register, her balance is $869.96, but the bank statement she just received says her balance is $1054.13. If the four checks were for $175.17, $175.35, $184.17, and $184.35, the check for which amount has not yet cleared?
$175.17
$175.35
$184.17
$184.35
This occurs when the amount you withdraw from your account is more than your balance.
Overdraft
Overdue Payment
Stop Payment
Funds Transfer
A ______________ is a list of transactions in your bank account, along with a running balance.
Check Log
Check Schedule
Check Register
Check Report
When writing a check, the company or person receiving the check is called the ___________.
Receiver
Payee
Casher
Beneficiary
When you withdraw money from your checking account, this is called a/n __________________.
Debit
Credit
Bad Idea
Subtraction
When you deposit money into your checking account, this is called a/an ____________________.
Debit
Credit
Good Idea
Addition
If you have overdraft protection, you will never be charged a fee if you overdraw your account.
True
False
A cancelled check acts as a receipt for proof of payment.
True
False
When writing out a check for $50.00, the amount in numbers should be written as?
Fifty Dollars
Fifty Dollars and no cents
Fifty Dollars and 00/100
50 Dollars and 00/100
What is wrong with this check?
Name is incomplete
Check amount is not written out
Signature issues
Date issues
