Banking Terms
Anderson Ford and Jones Trucking paid you, where should it be listed on the deposit slip?
Checks to be deposited
How long can you have a bank account?
Forever - as long as you wish
What is a balance?
The money in your account
Where do you place the amount of the check written?
Withdrawal amount
You want to pay someone and do not have enough money in your pocket, what other form of payment can you do? (nonelectronic)
Write a check
What are the numbers called listed on the bottom of a deposit slip?
Routing number and account number
How many and what kinds of ID do you need to open a bank account?
What are 2 - a drivers license and a birth certificate
What is a debit card?
Bank Card - Card issued by your bank
A way to keep track of the checks and who you wrote it to.
What is a check number on the check registry?
Should you tell people your account number?
No
How old do you have to be to have or open your own bank account?
What is 18 years old
What does the balance on a check registry mean?
It means how much money is left in your checkings account.
Cash money can be withdrawn from what area using of a deposit slip.
What is "Less cash received"
You save 3 to 6 months of your paycheck it is called what?
What is an Emergency Fund
How does using your checking account wisely help a young person?
It helps his/her credit.
What is a deposit slip used for in banking?
To deposit money into your savings or checking account.
Back of the check
What is the area you sign or endorse the check?