Checking accounts
Checking accounts
Saving Accounts/Vocab
Vocabulary
Surprise
100
What is the difference between checking and saving accounts?
In checking accounts you use checks and in savings you don't.
100
What does PIN stand for?
Personal Identification Number
100
How do you save your money when you're at the bank?
You open a savings account.
100
Tell the word that matches the definition. To desire or wish for
A want
100
How do you make a budget work?
You plan realistically and stick to it.
200
What does ATM stand for?
Automated Teller machine
200
What is a pin used for?
A pin is something that you create at the bank to access your money at the ATM and/or Teller.
200
What is a deposit slip?
A form you fill out to put money in your account. However, Wells Fargo has gone GREEN and no more uses deposit slips - it's all automated.
200
Tell the word that matches the definition. An amount of money available for spending that is based on a plan for how it will be spent.
A Budget
200
What is the left over money called, after you spend on your needs and wants?
Balance
300
True or False? You share your PIN with your friends
False
300
What slip do you use for withdrawing money?
Withdrawal slip
300
Tell the word that matches the definition. A situation in which someone or something must do or have something
A need.
300
Where does money get created ?
The Treasury
300
Every month the bank sends you all your transactions. In what form does this come in?
A statement (Usually Online)
400
What do you show the teller to withdraw money?
A Picture ID
400
How do you keep track of a checking account?
A register
400
Tell the word that matches the definition. Give up something for other things.
Tradeoff
400
Tell the word that matches the definition. Money that is earned from work, investments, business, etc.
Income
400
What are two things that you do to write a check?
1.Pay to the order of 2.The date 3.Signature 4.How much in numbers 5.How much in word form 6.For what purpose (optional)
500
Daily Double- When you are at an ATM machine what button do you press to put money in the bank?
Deposit button
500
What would you use a checking account for?
Making simple purchases and paying bills.
500
How do you open a savings account(3 steps)?
1.Decide which account you want 2.Get your money 3.Open your account (with your mom or dad as custodian).
500
Tell the word that matches the definition. To gain money on your money in a savings account, or to pay money when you have a loan
Interest
500
If you are younger than the age of 18 who do you need to let you open a bank account?
Your Parents/Guardian
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