Vocabulary
A withdrawal from an account is called .
What is a debit?
These two things appear twice on a check. (Not signatures)
What is amount and check number?
Name 2 advantages of a debit card.
What is convenient and small?
What does PIN mean when using a debit card
What is Personal Identification Number?
What is a deposit into an account referred to as?
What is a credit?
A debit card is usually this many numbers
What is 16?
What you use to write a check.
What is a black or blue pen?
When you sign the back of a check.
What is endorse?
Most common financial account used by banking consumers
What is a checking account?
A recipient on a check is also known as this
What is the payee?
The set of numbers on the bottom left corner of a check?
What is the routing number?
The two ways the amount on a check is written.
What is in numbers and words?
The term on a deposit slip when you keep some of the money that you are depositing.
What is Less Cash Received?
What you fill out to put money into your checking account.
What is a deposit slip?
Word for all the activities in your account.
What are transactions?
Check numbers appear in these two places
What is top right and bottom middle
Where should you record all your checking account activities ?
What is a check register?
This document lists every monetary transaction, your account number, and your account balance for a specified time period
What is a bank statement?
Name two reasons why you should balance your accounts.
Real-time balance if kept up-to-date
Avoid account closure
Identify unauthorized transactions
Increase savings
Avoid financial institution fees
Compare transactions on a bank statement to transactions in a check register
What is reconcile?
You would put this on a restrictive endorsement
What is your account number?
The 6 pieces of information that you should complete on a check.
What is date, payee, amount in words, amount in numbers, memo, and signature?
What does NSF/INSF stand for?
What is Non-Sufficient Funds/In-Sufficient Funds?
When you sign a check that was given to you over to another person
What is Special/two party endorsement