Parts of a check
What is at the bottom of a check? All the way across the bottom, 3 different things.
What is routing number, account number, and check number?
Space to identify reason for writing check.
What is a memo?
The label put in the number column when making a deposit.
What is "DEP"?
Where you check to make sure transactions have been cleared.
What is a bank statement?
A banking service to get cash fast.
What is an ATM?
What is in the top left corner of a check?
What is the name of payer?
The name of person or business to whom the check is written.
What is pay to the order of?
The label put in the description of transaction column.
What is the person/business check was written to or where ATM/debit card was used?
Prevents having to paying fees when overdraft occurs.
What is overdraft protection?
Can be used at ATM's to receive cash connected to a persons bank account.
What is a debit card?
What goes in the line at the bottom left corner of a check and why is it important?
What is the memo line, because it says what the check was written for, to remind you and back you up?
The account holders name in cursive on the bottom right hand corner of check.
What signature?
The new balance in the account after deduction or credit.
What is remaining balance?
Sum of all uncleared deposits.
Authorized bills to be payed by a specific bank account.
What is direct payment?
What is in the bottom right corner and what do you use there and how do you do it?
What is the signature line and you have to use cursive for your name?
Number used to identify check in top right corner.
What is a check number?
What is the debit column used for?
Sum of withdrawals not cleared.
What is total outstanding withdrawals?
Fixed and flexible expenses that direct payment can be used.
What is mortgage, vehicle payments, and phone bill?
What do you put in the box on the middle right?
What is the amount in numerical form?
A line extended to end of space.
What is needed on the amount of check line?
Place to record money added to account.
What is the credit column used for?
Something to consider when choosing a checking account.
What is price of overdraft protection?
Allows customer to use debit card to make purchase located in a store.
What is Point of Sale terminal (POS)?