A summary of every transaction that occurred throughout the month.
Statement
100
Money put into an account.
Deposit
100
Why is it important to sign your signature in cursive on a check?
Cursive is harder to copy (forge).
100
I have $50 in my checking account and $100 is in my savings account. I transferred $10 from my savings account to my checking account. What are my new balances?
Checking: $60
Savings: $90
200
I need to take out cash from the ATM to go to Fiesta Texas this weekend. I need to _________ the money from my checking account.
Withdraw
200
Occurs when money is withdrawn from a bank account and the balance goes below zero.
Overdraft
200
A written order to a bank to pay a specific amount of money to a person or company out of an account.
Check
200
I have $40. I deposited my paycheck of $550. Then I withdrew $25. What is my balance?
$565
200
I have $50 in my checking account. I purchase new jeans with my debit card that are $80. What is my new balance in my checking account?
-$30
300
Overdraft
Occurs when money is withdrawn from a bank account and the balance goes below zero.
300
Occurs when money is moved from one account to another.
Transfer
300
Occurs when money is taken out of an account automatically through the use of a debit card.
Debit
300
My overdraft fee is $15. If I have $10 in my checking account and buy a puppy that is $50, what is my new balance?
-$55
300
I have $200. I withdrew $40 for Fiesta Texas. Then I withdrew $45 for two shirts. Next I paid my $48 phone bill. Then I deposited $20 I got for babysitting. What is my balance?
$87
400
When you use a debit card, how soon will the money be withdrawn from your checking account?
Instantly
400
The amount of money in an account at a given time.
Account Balance
400
Occurs when money is taken out of an account, usually from an online payment or Automated Teller Machine (ATM).
Withdrawal
400
My checking account is at Wells Fargo. I go to Chase Bank to withdraw cash from their ATM. What happens since I am not at my own bank?
Chase Bank will charge you.
400
When you write a check, will the money be withdrawn from your checking account instantly?
No, checks take a few days to be processed.
500
The number at the bottom of a check that tells you what specific bank your account is at.
Routing Number
500
Percentage that is paid to customers based on the account balance in an account for a year.
Annual Percentage Yield (APY)
500
Allows customers to safely store money in the bank and write checks.
Checking Account
500
I have $250. I went to the ATM to withdraw $300. What happened?