BF Test Prep: Banking, Checking & Savings, Mobile Pay

Front

You should keep your pin number in your wallet.

Back

False

Front

Some banks charge $20 or $25 penalty fee for checks you don't have enough money in your account to pay it.

Back

True

Front

There is no limit to the number of transactions per month for a checking account, as long as you have money in the account.

Back

True

Front

You can manage your checking account through online banking.

Back

True

Front

A __________ is a small notebook or log where you keep track of all your checking transactions.

Back

register

Front

What is one difference between Banks and Credit Unions?

Back

Banks are for profit. Credit Unions are Non-profit.

Front

Taking more money out of your account than is available, making your account go negative, ​ is called?

Back

Overdraw

Front

When you are required to keep at least a certain amount of money in your bank account at all times it is called a ____?

Back

Minimum Balance

Front

What agencies insure banks and credit unions?

Back

FDIC and NCUA

Front

What is the name of a legal document that people can write to pay for things?

Back

Check