Words
Definitions
Scenarios I
Scenarios II
Scenarios III
100
Debit
A transaction made with a debit card.
100
Check Number
The number at the top of the check. This is usually used more for organizational purposes.
100
I need to take out cash from the ATM to go to Fiesta Texas this weekend. I need to ____________ the money from my checking account.
Withdraw
100
Why is it important to sign your signature in cursive on a check?
Cursive is harder to copy (forge).
100
I have $50 in my checking accound and $100 in my savings account. I transfered $10 from my savings account to my checking account. What are my new balances?
Checking- $60 Savings- $90
200
Check
A written form of payment for a specific person or company.
200
What is it called when you take money out of your account?
Withdrawal.
200
I got my paycheck for the month. I need to ________ that money into my account.
Deposit
200
When you use a debit card, how soon will the money be withdrawn from your checking account?
Instantly.
200
Every month I get a summary of all of my transactions for the past month. What is this summary called?
Statement
300
Transaction
Withdrawing or depositing money into your checking account.
300
What is it called when you put money into your account?
Deposit
300
My checking account is at Wells Fargo. I go to Chase Bank to withdraw cash from their ATM. What happens since I'm not at my own bank?
Chase Bank will charge you.
300
When you write a check, will the money be withdrawn from your checking account instantly?
No, checks take a few days to be processed.
300
I have $40. I deposited my paycheck of $550. Then I withdrew $25. What's my balance?
$565
400
Checking Account
A safe play for people to store and access their money.
400
What is it called when your balance in your bank account is less than 0?
Overdraft
400
I have $50 in my checking account. I purchase new jeans with my debit card that are $80. What is my new balance in my checking acount?
-$30
400
What does ATM stand for?
Automated Teller Machine
400
I have $250. I went to the ATM to withdraw $300. What happened?
You got denied.
500
Transfer
Moving your money from one account into another account.
500
The number at the bottom of a check that tells you what specific bank your account is at.
Routing Number.
500
My overdraft fee is $15. If I have $10 in my checking account any buy a puppy that is $50, what is my new balance?
-$55
500
What word means to copy a signature?
Forge
500
I have $200. I withdrew $40 for Fiesta Texas. Then I withdrew $45 for two shirts. Next I paid my $48 phone bill. Then I deposited $20 I got for baby sitting. What is my balance?
$87