IBT Chapter 29-Checking Accounts Nov21

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A payee is

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the business or person to whom the check is written

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A regular checking account is

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designed for customers who write a few checks each month

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A record of an account holder's signature used to verify the identity is called a(n)

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signature card

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An overdraft is

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the amount that is overdrawn

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Online banking allows customers to 

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check their balances, transfer money, pay bills.

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An advantage of checking accounts is that

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they enable consumers to keep records of their financial transactions

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The person who wrote the check and is paying the money is the

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drawer

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A check presented for payment must include the drawer's: home phone number, signature, license number, Social Security number

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signature

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A log in which an account holder records checking account transactions

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check register

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An endorsement is

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signature of the payee on the back of the check