A
The amount of money you have in your bank account
Balance
The number of digits in your PIN
Four
A written order to the bank that tells it to take a stated amount of money from your account and pay it to another
Check
How often do most banks send a bank statement
Monthly
A record that allows you to keep track of checks you have written, ATM/debit card transactions, as well as deposits and withdrawals.
Check register
Linking your savings account to your checking account so that money can be transferred in to cover you overspending your account is a form of what?
Overdraft protection
Average dollar amount of an overdraft charge
$35
A plastic card that enables you to do ATM transactions and to make purchases instead of using cash or writing a check.
Debit card
Money you put into your account.
Deposit
What fee is the largest source of income for banks?
Overdraft fees
True or False: Banks can change their fees or any rules of your account whenever they want, as long as they notify you in writing
True
If you swipe your debit card at the store and select this way to process it, the money can take up to 24 hours to come out of your account
Credit
Money paid to you for keeping your funds in your account or a fee charged to you for a loan or credit card
Interest
To write a check or make a withdrawal when there isn't enough money in the account to pay for it.
Overdraw
This organization insures your money up to a predetermined amount in case a bank would go under
FDIC
What type of specialized check is a personal check of yours that is stamped by the bank to verify that the money is in your account?
certified check
Which transaction would NOT show up today on your mobile banking app: ATM withdrawal, automatic bill pay, check
Check
If I want to make a check not able to be cashed, you should write this word on it
Void
The monthly record of your account transactions sent to you by your bank
Statement
What historical event brought about the formation of the FDIC?
Great Depression
The person to whom the check is made payable.
Payee
If someone fraudulently uses your debit card number, and you find it 26 days after it occurred, how much (legally) can the bank make you pay back?
$500
If you make a payment with your debit card and select this way to process it, the money comes out immediately from your bank account
Debit
a financial institution that is owned by its members and is non-profit
Credit Union
Which number identifies the bank you use?
routing number