Money In
💰
💰
Money Put into Your account
What is a deposit
What card allows you to make purchases directly from your checking account?
A debit card
What does ATM stand for?
Automatic Teller Machine
What happens when you spend more money than you have available?
Overdraft
You start with $500. You deposit $100 and spend $50. What's your balance?
$550
Your paycheck goes automatically into your account every 2 weeks
What is a direct deposit
What is a written instruction telling your bank to pay someone from your account?
A check
You have $300 and withdraw $75 from an ATM. What's your new balance?
$225
What is an extra charge from your bank called?
Fee
You start with $750. You receive a $250 direct deposit, then withdraw $100. What's your balance?
$900
Your deposit $200 into a account that has $500 what is your new balance?
$700
You have $500 and buy a $75 jacket with your debit card. What happens to your balance?
It decreases to $425.
You have $250. You withdraw $80 and pay a $4 ATM fee. Then you withdraw another $50. What's your balance?
$116
You have $40 but try to spend $65. How much are you short?
$25
You start with $800.
What's your balance?
$800
Your balance is $650. You deposit $200, then deposit another $75. You later withdraw $100. What is your balance?
$825
You have $600. You write a $200 check and spend $125 with your debit card. What's left?
$275
You have $200. You withdraw $100 and are charged a $5 ATM fee. Then you spend $110 with your debit card. What's your balance?
$15
You have $100. You spend $60 with your debit card, then a $75 check you wrote earlier clears. What is your balance?
$35
You start with $1,000.
What's your final balance?
$922
You have $350. Your paycheck of $600 is deposited. You then deposit a $150 check from your grandmother. How much money is now in your account?
$1,100
You have $400. You write a $250 check, use your debit card for $100, and then try to make another $75 debit purchase. What happens?
You don't have enough available money; the transaction could cause an overdraft or be declined, depending on the bank's policies.
What could happen because your balance went below $0?
An overdraft and potentially an overdraft fee, depending on the bank's policies.
Your account shows $500, but you have a $150 pending debit-card purchase and a $200 check that hasn't cleared yet. Can you safely assume you have $500 available to spend?
No. Those pending/uncleared transactions could reduce the amount actually available and could lead to an overdraft.
You start with $750.
💰 Direct deposit: +$500
💳 Debit purchase: -$175
✍️ Check: -$400
🏧 ATM withdrawal: -$150
💳 Debit purchase: -$600
What's your final balance?
- $75