Checking Account
Savings Account
Debit Card
Federal Reserve
Vocab
100
The amount in your account
What is Balance
100
Present income set aside for future use
What is Savings
100
The action of moving funds from one account to another
Is it a Transfer?
100

Cleveland

What is the federal reserve location that services our area?

100
A deficit in a bank account caused by drawing more money than the account holds
What is an Overdraft?
200
The lowest amount of money that you must keep in your bank account at all times
What is Minimum Balance?
200
You can use your savings account as an overdraft account. True or False?
Is it True?
200
An amount added to your total purchase that you receive as cash
What is Cash Back?
200

 A federal government organization set up to supervise and regulate member banks.

What is the Federal Reserve Sysytem?

200
At a Credit Union, you are a customer. True or False?
Is it False? You are a member.
300
A slip used to add money to your checking account
What is a Deposit Slip?
300
The money that is given to you for keeping money in a savings account.
What is Interest?
300
You must sign your name on the back of your debit card. True or False
Is it True?
300

The federal reserve that serves Alaska and Hawaii

What is San Francisco CA  ?

300
A request made to a bank not to pay a specific check. If requested soon enough, the check will not be debited from the payer's account. Normally there is a charge for this service.
What is a Stop Payment
400
A check is (blank) when the funds are available for you to withdraw
Is it Cleared?
400
The number of withdrawals you can make from your savings per month
Is it Six?
400
Your checking account number is on your debit card. True or False?
Is it False? Your card number is not your account number.
400

The location of the federal reserve for district 7

What is Chicago IL?

400
An area to record information about your transactions such as checks that you write, debit card or credit card transactions, ATM withdrawals.
What is a Check Register?
500
The electronic transfer of a payment directly from the account of the payer to the recipient's account.
What is Direct Deposit?
500
Earning interest on interest
What is Compound Interest?
500
The security feature used in situations where a PIN cannot be used.
What is Card Security Code (CSC)?
500

FDIC stands for...

What is Federal Deposit Insurance Corporation?

500
A government organization that ensures $250,000 of your money per depositor
What is FDIC?
M
e
n
u