Vocab
a piece of paper used to pay money directly from a checking account
check
a transaction that has not fully processed
pending
Emma gets paid every other Friday, and her paycheck automatically goes into her bank account because she set up ______________________________.
direct deposit
Emma has $425. She deposits $175 and then withdraws $100. What is her new balance?
$500
Ethan starts with $400. He pays a $300 bill, then withdraws $150. The withdrawal is allowed, and he is charged a $40 overdraft fee. What is his final balance?
-$90
number that identifies the bank or financial institution where your account is held
routing number
a transaction that has fully processed
cleared
Noah looks at his banking app before going to the store. It shows that he has $186.42 available meaning his __________________________ is $186.42.
balance
Noah starts with $800. He withdraws $125, deposits $250, and then withdraws $75. What is his new balance?
$850
Olivia has $250. She withdraws $100, pays a $200 bill, and then tries to make a $50 debit card purchase. The debit card purchase is declined. What is her balance?
a number that identifies your specific bank account
account number
the amount of money in an account
balance
Jacob deposits his paycheck on Friday, but on Saturday the money has not appeared in his available balance yet. The deposit is still __________________________.
pending
Ava starts with $1,000. She deposits $350, withdraws $275, withdraws $125, and then deposits $200. What is her final balance?
$1,150
Mason starts with $500. He pays a $350 bill, withdraws $200, and is charged a $40 overdraft fee. He then deposits $100. What is his final balance?
$10
a withdrawal from, or a deposit into a bank account
transaction
withdrawing more money from an account than it holds
overdraft
When Ethan sets up automatic payments for his car loan, the company asks for the number that identifies his specific bank account. He gives them his __________________________.
account number
Aiden's balance is $650. He deposits $225, pays a $185 bill, withdraws $100, and deposits $75. What is his final balance?
$665
Chloe has $300. She pays a $250 bill, withdraws $100, and is charged a $40 overdraft fee. She then tries to use her debit card to buy something for $25, but the purchase is declined. What is her final balance?
-$90
money paid from an employer deposited into an account without the need for a check
direct deposit
a monetary fine for withdrawing more money than an account holds
overdraft fee
In order to set up direct deposit, Julia gives her employer a _________________________ to confirm her routing and account number.
voided check
Olivia starts with $750. She deposits $325, withdraws $200, pays a $450 bill, deposits $175, and withdraws $300. What is her final balance?
$300
Daniel starts with $500. He pays a $350 bill, withdraws $200, and is charged a $40 overdraft fee. He then deposits $150 and tries to withdraw $100 from an ATM. The ATM withdrawal is declined. What is his final balance?
$60