Parts of a Check
Who signs the signature part of the check?
THE PERSON WRITING THE CHECK
Why do you fill a check out in ink?
SO NO ONE CAN CHANGE IT
Name one way you can access your balance after business hours?
ONLINE, APP, OR PHONE
When writing a check, you write out the dollar amount and cents in expanded form (in words).
FALSE- ONLY THE DOLLAR AMOUNT IS WRITTEN IN EXPLANDED FORM (IN WORDS)
You have $50 in your bank
account. You need to pay for
gas for your car which is $30, a
ticket to the movies for $11. You
really want popcorn and a soda
that costs $15. Do you have
enough money in your account?
NO
What is the number in the
lower left hand side of a
check called?
ACCOUNT NUMBER
In what color ink should you write your check?
BLUE OR BLACK
Taking money out of your account is called _________________________
WITHDRAWL
If you bounce a check it means you don't have enough money in your account to cover the check you wrote.
TRUE
Joe has $300.00 in his checking account. He writes one check for $150.00 and another check for $50.00. What is his balance after writing these checks?
$200.00
What is written in the "Pay to the order of" part of a check?
THE NAME OF THE PERSON OR PLACE THAT IS RECEIVING THE CHECK.
What does it mean to endorse a check?
SIGN THE BACK OF THE CHECK
A secret number or code that protects the security
of an account is called _______________.
PIN NUMBER
True or False: If you’ve got checks in your
checkbook, you’ve got money.
FALSE
Trey makes a deposit at an ATM. He has a check for $375.00 and another check for $225.00. He wants $100.00 cash back and to deposit the rest of the money. What is the total deposit?
$500.00
What is the book called that you document and keep track of your deposits and withdrawals in?
CHECK REGISTER
What is the memo portion of the check for?
A REMINDER OF WHAT YOU PAID OR BOUGHT OR THE EVENT SUCH AS A GIFT
If you make a mistake when completing your check you must _________________ it.
VOID
If you are earning interest on your checking account,
the amount gets added?
TRUE
Your checking account
balance is $408.56, you get
a paycheck for $349.48
but you have to pay the
phone bill $108.50. What is
your remaining balance?
$649.54
Who is the person called to whom you are writing
your check to (the person receiving it)?
PAYEE
What is money going into your account called?
DEPOSIT
You decide to pay with your debit card because you
forgot your checkbook. The money is being
withdrawn from your _____________ account.
CHECKING
If you get charged an overdraft fee because you
bounced a check, the amount gets added to the total?
FALSE
Alex makes a deposit at an ATM. He has a check for $300.00 and a check for $200.00. He wants $20.00 cash back and to deposit the rest of the money in his checking account. What is his total deposit?
$480.00