The way you sign your checks doesn't have to be exactly like the way you signed your name on your signature card.
What is False.
100
This type of checking account earns money.
What is interest-bearing account.
100
The party to whom a check is written...
What is payee
100
A have a joint account with my girlfriend, do we both need to sign a signature card?
What is Yes, both owners of the account have to sign the signature card.
100
When should you contact your bank if you find errors in your bank statement?
What is IMMEDIATELY
200
Some banks charge a $20 or $25 penalty fee for checks you don't have enough money to cover.
What is True.
200
Which of the following refers to the payee's signature on the back of the check?
What is endorsement.
200
Line of credit for checks your account can't cover...
What is overdraft protection.
200
A __________ account is for couples or business partners. Any of the parties in a joint checking account can write checks on it.
What is joint checking.
200
What percentage of households have checking accounts?
What is 16%
300
With a joint checking account, everyone who shares the account must sign each check.
What is False
300
DOUBLE JEOPARDY
(INSERT FIREWORKS)
Which of the following refers to checks that have been written and cashed?
300
Takes money directly from your checking account...
What is a debit card.
300
A ________ checking account is for people who write FEW checks each month and don't keep a minimum amount of money in the account.
What is regular
300
What are reasons for a stop payment?
What is misplaced check, wrong check amount, or wrong address.
400
You can handle your checking account through online banking.
What is True
400
If you lose a check and want to prevent someone else from using it, you can issue this type of order to the bank.
What is stop payment.
400
Money taken out of your checking account...
What is withdrawal.
400
______________ accounts earn interest on the account's balances. There is a minimum balance required and an unlimited number of checks can be written each month.
What is interest-bearing.
400
When should you write "For Deposit Only" on the back of a check?
What is... If the check is lost or stolen, it can only be used to deposit into your account.
500
The person who writes a check is called the payee?
What is False.
500
A checking account is also called this because each check is an order to the bank to release money from the account.
What is demand deposit
500
Who is the drawee?
What is the bank where the drawer has their account.
500
The _____ ______ _______, the central banking authority in the United States, regulates many of these services.