Financial Institutions
Which financial institution belongs to Regions?
Banks
Who is the payee of a check?
The person who receives the check
What is a deposit ticket?
A slip that you fill out when you want to deposit money into an account.
What is the first thing you write when filling out a money tracker?
The date
Name a type of internet bank.
Cash App, Zelle, Apple Pay
Which financial institution is convenient and has no physical buildings?
Internet Banks
What does it mean to endorse a check?
To write your signature/ sign your name on the back of the check.
Who fills out a deposit ticket?
Anyone who wants to deposit money in their account
What should you write in the description of a money tracker?
Where or what you spent your money on.
Wells Fargo belongs to which financial institution?
Banks
Name the four types of financial institutions we have learned about.
Banks, Credit Unions, Savings and Loans, and Internet Banks
Who is the payor of a check?
Someone who writes the check and fill out the information on the front of the check.
Where on the deposit ticket do you write if you want cash back after depositing your money?
where it says less cash received
Why do we fill out money trackers?
To track our money
To write what the check is for
Which financial institution is not for profit?
Credit Unions
What does pay to the order on a check mean?
The person who is being paid the check; the payee of the check.
When will you fill out a deposit ticket?
Before depositing a check or money into a bank account.
How often should you write in your money tracker?
Every time you deposit or spend money from your account
You fill out a deposit ticket before arriving to the bank. True or False.
False. You fill out a deposit ticket once you get to the bank.
First South Financial belongs to ________, while Zelle belongs to _______?
First South Financial belongs to credit union, while Zelle belongs to internet bank.
What is something that you should include after writing the amount of money on a check in both number and word form? WHY?
You should include lines after you write how much money you wish to pay the payee. You should write lines so that the payee can not take more money than what is given.
What is included on a deposit ticket? (4 things)
Name, Date, Signature, and Amount of money you wish to deposit.
Mia goes shopping at Dillards. She buys some shoes for $40.00. When Mia goes to track her money in her money tracker, where should she write how much she spent?
In the negatives under withdrawal.
If I started off with a deposit of $120 on my money tracker and I went to 3 stores and spent a total of $85, how much money should be left on my balance of the money tracker?
$35