Writing a Check
Checkbook Registry
Key Terms
Key Terms(Cont.)
Banking Services
100
This is another name for the person who a check is made out to.
What is Payee
100
This is a booklet used to record checking account transactions.
What is Checkbook Register
100
This is a written order to a bank to pay the amount stated to the person or business named on it.
What is a Check
100
This is a check that has cleared your account.
What is a Canceled Check?
100
Along with checks, banks usually offer these small pieces of plastic to customers to access money in a checking account
What is Debit Card
200
In what two ways should the amount being payed be written?
What is Numerical and Written
200
The first information entered in the checkbook register is?
What is the Check # or DEP
200
A checking account is also called this:
What is Demand Deposit
200
A check written for more money than your account contains is called?
What is an Overdraft
200
In this type of checking account, individuals get a payment to have their money in a banks account?
What is interest bearing account.
300
This section gives the person writing a check a brief description of what the check is for.
What is Memo Line
300
Checks get inputted in this column of the checkbook register.
What is Debit/Payment Section
300
This is writing a check and hoping to deposit money to cover it before the check clears.
What is Floating a Check
300
The process of matching your checkbook register with the bank statement is known as?
What is bank reconciliation
300
The FDIC insures deposits of customers against loss up to how much per account?
What is $250,000
400
A bank that does not honor a check usually stamps the check with the letters?
What is NSF
400
True or false? Deposits get subtracted from the account balance?
What is False, they get added to the balance?
400
This is a personal check that the bank guarantees or certifies to be good.
What is Certified Check
400
This allows you to cover checks or withdrawals up to a specified amount.
What is Overdraft Protection
400
These services give you the ability to access your accounts anytime, day or night.
What is Online and Telephone Services
500
This also know as when a person signs the back of a check to cash it.
What is Endorsement
500
When performing a bank reconciliation in which line should you put the total deposits missing from the bank statement?
What is Line 2 Total Credits or Deposits.
500
What does A.T.M. Stand for?
What is Automated Teller Machine
500
This keeps important documents and other items to ensure that those items will not be stolen, lost, or destroyed.
What is Safety Deposit Box
500
DAILY DOUBLE!!!!!!!!!!!!! This is the typical amount banks require an individual to deposit to open a checking account.
What is $50.00
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