checking
how can you protect your checking account
check bank statements, use good bank, etc.
what is a banking account used for
long term storage of money
what is an outstanding check
a check that has yet to be deposited
what is a safety deposit box
place in a bank to store money and other valuables
what are the general ATM rules
withdrawal/transaction limits, fees and charges for use
where does a debit card draw from
your checking account
why is online banking good
(something to do with ease of use)
is overdraft protection optional
yes
what is a checking account used for
everyday purchases, money you are going to use soon
what is an endorsement
your signature on a check to have permission to deposit it
describe credit
the ability to borrow money from a bank
what does the abbreviation ATM mean
Automated Teller Machine
what happens if you spend more money than is in your checking account
overdraft fees
what does it mean for a check to bounce
your checking account doesn't have enough money so a check cannot be cashed
what law protects $250,000 of your money in a credit union
NCUA
how do you default on a payment
you don't pay it or are unable to
what is a checking statement
summary of transactions made in a month
write out a check
date top right, name addressed to and money in middle, purpose bottom left, and signature in bottom right
what law protects $250,000 of your money in a traditional bank
FDIC
what is a check register
a ledger used t track bank account transactions