Financial Institutions
Opening a Checking Account
Keeping accurate records
Writing a check
Interpreting and Reconciling a bank statement
100
Commercial banks, savings and loans and credit unions
What are the 3 main types of financial institutions that offer checking accounts?
100
50-100$
What is how much you must have to open a checking account
100
The amount of money you deposit into the account
What is what you put in the amount of deposit space
100
Name and address
What is printed on personalized check
100
When you deposit money in the account
What is when you use a deposit slip
200
Checking accounts, savings account, small consumer loans, credit cards
What is list of services the bank offers
200
Vericfication of ownership of an account
What is a signature card
200
Amount of money deducted from the account
What is what you put in the amount of payment space
200
Before or immediately after writing a check
What is best time to fill out the check registery
200
Divided into 2 parts: payroll check and pay statement
What is a voucher check
300
Offers a broad range of services to members; similar to savings and loans
What is a credit union
300
Specific bank account. It's printed on the bottom of all checks.
What does your account number identify
300
Fee charged by a financial institution for services provided
What is a service charge
300
The amount of money on deposit in the account at the time
What is balance
300
Record of all deposits, withdrawals and service charges
What is a bank statement
400
Federal Deposit Insurance Corporation
What is the FDIC
400
Requires both signatures to cash the check
What is if the signatures are joined by "and"
400
Costumer's check that the bank processed and deducted from the account
What is a cancelled check
400
Contains checks that are used for making payments
What is checkbook
400
checks written but not processed by the bank
What is outstanding checks
500
To protect the consumer's money they deposit in a financial institution
What is the reason the FDIC was established
500
Either one can sign and withdraw
What is signatures joined by "or"
500
It is a separate form that has space to keep track of tthe amount of each check
What is a check register
500
Never write in pencil or erasable ink, if you make a mistake write VOID across the check, don't write checks for cash
What is 3 precautionary measures when writing a check.
500
Writing checks for more money than you have on deposit
What is overdraft/overdrawn checks
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