Bank Accounts
To open a new account, the bank typically requires this from account holders.
Opening Deposit
This is printed in the top right corner of every check.
Check Number
On a check, the number that identifies the account upon which the payment is drawn
Account Number
Every month (or every few weeks) the bank will send you this paper, via mail or website, which outlines your account transactions.
Bank statement
This type of account is used to hold money for future use.
Savings Account.
This allows you to keep accurate records of every deposit and withdrawal you make.
Bonus Point: How often should it be updated?
Transaction Register
Bonus: After every transaction.
On a check, the 9-digit number that identifies the bank upon which the payment is drawn.
Routing Number
Name the person who works at the bank.
Teller (or bank teller)
This account is used by the account holder on a more regular basis and can be used via checks or a debit card.
Checking account
A slip of paper kept by the bank to show how much money you put into your account is called what?
Deposit Slip
The secret number that no one else should know but the card holder; gives you access to your card/account
PIN
Give the codes for the following types of transactions:
1. Automatic payment
2. Automatic deposit
3. Cash Withdrawal
1. AP
2. AD
3. ATM
There are two types of transactions that you can complete with your bank accounts. Name those transactions.
1. Deposit 2. Withdraw
This piece of paper that transfers a specific amount of money from one bank account to another person’s (the payee’s) bank account
Check
This number goes in the column all the way to the right on the transaction register.
Balance
A plastic card linked to a bank account; it can be used to deposit and withdraw money from a bank account and make purchases at stores
Debit card
Banks pay people this or a certain amount of money to hold savings accounts with money in them
Interest
"Pay to the Order of" is otherwise known as who?
Payee
The typical amount of money required to open an account at a bank
$25.00 - $100.00
What must you do on every deposit slip or check before the bank can accept it?
Sign it. (Put a signature on it)