Vocab
Orrin had $541.06 in his checking account, and a check that he wrote to his landlord for $560.00 was just deposited at his landlord's account.
This will result in which of the following fees?
A) Overdraft fees
B) Service fees
C) ATM fees
D) Overspending fees
A) Overdraft fees
The number in the top right corner of a check.
Check Number
At the beginning of this month, the balance of Vance's checking account was $697.96. So far this month, he has received a paycheck via direct deposit of $962.88, been charged a monthly service fee from his bank of $25.00, used a debit card linked to his account to make a purchase of $83.12, written a check for $138.83, and deposited a check written to him for $71.17. What is the current balance of Vance's checking account?
$1485.06
This card is attached to your checking account
Debit Card
Money added into a bank account
Deposit
Maria deposited a $500 paycheck, a $500 stock dividend check, a $50.00 rebate check, and a $100 cash into her checking account. Her original account balance was $300.
Assuming the checks clear, how much will be in her account after the deposits are made?
$1450
The amount of money is a checking account.
Balance
Money taken out of a bank account
Withdrawal
King Meadow Bank charges a monthly maintenance fee of $10 and a check-writing fee of $0.05 per check or EFT. Last year, Mike made 100 payments from his account at King Meadow.
What was the total of all the fees he paid on that account last year?
$125
A document published by your bank that details all transactions for the month.
Bank Statement
What is the number on the bottom middle of a check?
Account Number
Riverbank savings Bank charges a $35 per check overdraft protection fee. One July 8th, Mary had $1400 in her account. Over the next 4 days, the following checks arrived for payment at her bank: July 9th $1300; July 10th $500 and $90; July 11th $100; and July 12th, $80.
How much will she owe the bank after July 12th?
-$810
What checking account requires no minimum balance and charge no maintenance fees?
Free Checking Accounts
What is the number on the bottom left of a check?
Routing Number
Allison currently has a balance of $2,300 in her checking account. She deposits a $425.33 paycheck, a $20 rebate check, and a personal check for $550 into her checking account. She wants to receive $200 in cash. How much will she have in her account after the transaction?
Allison’s new balance is $3,095.33.