Checking Basics
Accounts
Services
A Fee For Me
If You Dare
100
When depositing a check into your account, write the check's _________ on the deposit slip
What is ABA number or Check number
100
Used instead of cash while traveling
What is traveler's checks
100
Verifies a person's identity and witnesses the person sign a legal document
What is notary public
100
A personal check that the bank guarantees to be good
What is certified check
100
Used to record checking transactions
What is checkbook register
200
The person who the check is made out to
What is payee
200
A __________ is one that offers every possible kind of service, from savings and checking account to credit cards.
What is full service bank
200
Request that a bank not honor a specific check
What is stop payment order
200
Writing a check and hoping to deposit money to cover it
What is floating a check
200
When a check is returned due to insufficient funds, the check has
What is bounced
300
A cashier's check is a check written by a bank on its own funds and is also called a
What is bank draft
300
Pay to the order of Mr. T Mr. Hover
What is special endorsement
300
For people who do not have a checking account and is similar to a check
What is money order
300
A check written for more money than your account contains
What is overdraft
300
FDIC protects deposits up to
What is $250,000
400
A checking account is also called _________ because money may be withdrawn at any time
What is demand deposit
400
An account opened by two or more people
What is joint account
400
Allows immediate deductions from checking account to pay for purchases
What is debit card
400
A person that manages property for the benefit of someone else
What is trustee
400
A check that has cleared your account
What is canceled check
500
Checks over _________ old may not be honored by a bank
What is six months
500
An interest bearing checking account that pays a higher rate of interest, but usually has more restrictions
What is money market account
500
When a bank does not honor a check it usually stamps the check with these words
What is non sufficient funds (NSF)
500
A type of account that has a small or not monthly service fee and no per check fee
What is standard account
500
Credit unions offer this type of account
What is share account