Banking terms
What does deposit mean?
To put money into your bank account
What does "pay to the order of" mean on a check?
The person who is receiving the check
Your bank account/checking account
What is a balance?
How much money you have in your bank account
How do you say "$1.50" in words?
One dollar and 50 cents
What does withdraw mean?
To take money out of your bank account
What does memo mean on a check?
The reason for the check
Between a debit card and a credit card, which one gives you money that you have to pay back?
Credit card
What is a bank statement?
A record of all transactions that occur in someone's bank account
How do you say $45.85 in words?
Forty five dollars and 85 cents.
What is a transaction in banking?
The movement of money into or out of someone's bank account
What happens if the "pay to the order of" line on a check isn't filled out?
Anybody can cash the check
Between a debit card and a credit card, which one causes you to withdraw money from your checking account.
Debit card
Macy's previous balance is $200. She deposits $50 into her bank account. What is her new balance?
$250 dollars.
How do you say $1,007.09 in words?
One thousand seven dollars and nine cents
What is an overdraft?
When you withdraw more money than you have in your bank account
What is an account number?
A number that identifies the type of bank account someone has
Between a debit card and a credit card, which one can be used at an ATM?
Debit card
John has $540.25 in his bank account. He withdraws $45.75 from his bank account. What is John's new balance?
$494.50 dollars
50/100 is how many cents?
50 cents
What does the acronym "ATM" stand for?
Automated Teller Machine
What is a routing number?
A number that identifies that type of banking institution one banks with
Between a debit card and a credit card, which one causes your credit score to either increase or decrease?
A credit card
Susie has $336.37 in her bank account. She later finds out that $108 has been credited to her account. What is Susie's new balance?
$444.37 dollars
08/100 is how many cents?
8 cents