Checking Accounts
This is what you use when you are buying something and are not using your debit card.
What is a check?
When you aren't writing in number form, you write it in...
What is word form?
A Smaller bank focused on local communities
What is a community bank
Who is the person at the bank that deposits your money
What is a bank teller
When you spend more money than you have in your account
What is an overdraft
What should you use to write a check?
What is a pen
This is where the account holder's information is located on a check.
What is top left hand corner?
What is a Credit Union
A machine that allows you to withdrawal money on the go but may have an amount limit
What is an ATM
A physical card linked directly to your checking account
What is a debit card
Used to keep track of all checks that are written and received
What is a check register
This line is where you write what or why you wrote the check.
What is for or memo?
The protection/insurance that protects your checking account and is insured up to $250,000
What is the FDIC
or Federal Deposit Insurance Corporation
Automatic funds deposited from your employer into your checking account
What is direct deposit
What needs to be completed along with forms of identification to open an account
What is an application
A document that creates a paper trail of your spending and helps you with budgeting
What is a bank statement
You should do this after you write the amount in words so that no one can write anything else after it.
What is make a line?
This independent agency protects your money in a credit union.
What is the NCUA?
or national credit union administration
The type of transaction that subtracts money from your checking account
What is a debit
A financial institution that has many locations but offers less personalized service
What is a National Bank
You set up to pay your bills each month
What is auto pay
This line states who the check is to.
What is pay to the order of?
Independent agencies protect your deposits up to this amount of money.
What is $250,000?
A check that isn't able to be cashed due to insufficient funds
What is a bounced check
Some banks require it to open an account while some don't, the lowest amount of money you can have in your account
What is a minimum balance