A
Josh received his paycheck and decided to open an account just for spending. Which account Should he open?
What is a CHECKING ACCOUNT
True or False:
The recipient of a check signs the bottom of the check.
What is FALSE
If I write tomorrow's date on a check, what type of date would that be?
What is POSTDATE
A fee charged by the bank if you don't meet the requirements of the account.
What is a MAINTENANCE FEE
A card used to make payments and purchases and/or use at the ATM.
What is a DEBIT CARD
What is Money that the financial institution allows you to borrow. Must be paid back and typically with interest.
What is a LOAN or CREDIT?
TRUE OR FALSE...
You should always sign the deposit slip?
What is the FALSE?
What can you use to purchase a money order?
What is CASH, DEBIT CARD or CREDIT CARD (BEWARE!)
Your commercial bank account is insured up to $__________ by the ______ or NCUA.
What is $250,000, FDIC.
A deposit is what kind of transaction?
What is a CREDIT
An account with multiple names on it such as a parent and a child or spouses who all have access to the account is called a _______.
What is a JOINT ACCOUNT?
Your bills on autopay would represent what kind of transaction?
What is DEBIT
The amount of money you have in your bank account
What is BANK BALANCE
What does ATM stand for?
Wat is AUTOMATED TELLER MACHINE
Which financial institution is non-profit?
What is a CREDIT UNION
A document that shows your deposits, withdrawals, and how much money you have sitting in your bank account.
What is a BANK STATEMENT
What is INTEREST?
A commercial bank is ______________, while a credit union is ______________ and owned by its _________.
What is FOR PROFIT, NON-PROFIT, MEMBERS.
Your aunt gave you a $100 check for your birthday. What was written on the PAY TO THE ORDER OF line?
What is MY NAME
What is the Federal Deposit Insurance Corporation?
When money is taken out of your account it is a
What is a WITHDRAWAL?
Which organization insures the money in Commercial and Online banks?
What is the FDIC?
True or False
If you make a mistake on a money order you can void it and write a new one.
What is FALSE
How would you write the amount
$5,463.14
What is FIVE THOUSAND FOUR HUNDRED SIXTY THREE 14/100
Which financial institution has the most locations?
What is COMMERCIAL BANKS