Essential Checking
Federal Corporation that insures your checking account up to $250,000
What is the Federal Deposit Insurance Corporation (FDIC)?
When you take out too much money that your account balance falls below 0
What is an overdraft fee?
Process of cross-checking all transactions with bank records to ensure they match
What is reconciling your checking account?
This type of financial institution is member owned and non-profit
What are credit unions?
Process where paycheck funds automatically enter your checking account
What is direct deposit?
This is a wise alternative to opting into overdraft protection
What are mobile banking alerts?
A ledger used to record bank transactions manually or via an app.
What is a check register?
This type of financial institution typically has lower fees and higher interest yields
What are online banks?
Downside of using prepaid cards
What is more hidden fees?
True or false: Once you are signed up for overdraft protection, you cannot opt out
What is false?
The space on the check that you can write about the transaction.
What is the memo?
These are the 3 major types of financial institutions for checking accounts
What are traditional banks, credit unions and online banks?
At most banks, this is the minimum age you have to be to open a checking account
What is 13 years old?
This is the average fee to take money out of a non-network ATM
What is $4.86?
These are the top 3 examples that checks are used for.
What are down payments, housing rent and deposits?
These are the two options to begin direct deposits
What are your account number and routing number OR a voided check?
These are the three most common fees in your checking account
What are monthly account fees, overdraft fees, and out-of-network ATM fees?
This is the recommended amount of money that should be kept in your checking account at all times
What is one full paycheck?
The approximate number of checks still being written in the U.S. in 2015
What is 19 billion checks?
This bank was rated the best for teens in 2026
What is CapitalOne Money Checking Account?