COACH HILL
What is one primary role of banks?
To Store and Safeguard deposits
What type of endorsement is used if a check should only be deposited and not cashed?
Restrictive endorsement
What is a deposit slip used for?
To outline the sources and amounts of money being deposited
What fee is charged when an account holder spends more than is available in their account?
OVERDRAFT FEE
Which field on a check indicates the individual or organization to whom the check is paid
The "Pay to the order of" field
What is a check?
A DATED AND SIGNED FORM OF PAYMENT INSTRUCTING A BANK TO PAY A SPECIFIC AMOUNT
HOW MANY ASSISTANT PRINCIPALS DOES HIGGINS HAVE?
3
WHAT ARE THE SCHOOL COLORS
BLUE AND GOLD
What information is found at the bottom left corner of a check?
The routing number
Which type of payment method is most comparable to physical cash when lost?
Blank endorsed check
What is interest?
THE COST (OR INCOME) OF BORROWING (FROM LOANING) MONEY
What is the primary way banks make money?
Charging Interest on loans
What is the function of online bill pay?
ALLOWS USERS TO PAY AND MANAGE THEIR BILLS ELECTRONICALLY
WHAT DAY IS HALLOWEEN ON THIS YEAR
SATURDAY
What information is required for a direct deposit to work?
ROUTING NUMBER AND ACCOUNT NUMBER
What type of account typically offers the most immediate access to funds?
CHECKING ACCOUNT
What is an ATM?
AN ELECTRONIC BANKING OUTLET FOR BASIC BANK TRANSACTIONS
What is liquidity?
THE EASE AND SPEED BY WHICH AN ASSET CAN BE CONVERTED INTO CASH
What does FDIC insurance protect against?
Bank Failures
What type of account is most likely to earn interest?
Savings Account
WHAT DOES THE L W STANDS FOR IN LW HIGGINS
LEMUEEL WALLACE
How does the FDIC protect checking accounts?
INSURES DEPOSITS UP TO 250,000 PER UNIQUE DEPOSITOR PER INSURED BANK