Checking Account Flashcard

Front

What is limited in money market accounts?

Back

Check writing privileges.

Front

What does the nine-digit number on a check represent?

Back

The routing number

Front

What is the total deposit/credit amount on 2/22?

Back

$500.00

Front

What is the payment/debit amount for Jill’s Fashions on 2/23?

Back

$32.19

Front

What is the easiest way to detect errors in your account?

Back

Using your account statement

Front

What is the previous balance shown in the statement?

Back

230.22

Front

What does depositing money mean?

Back

Adding money to your bank account

Front

Why might someone need to physically deposit cash?

Back

Cash cannot be deposited electronically

Front

What must be done with cash received on a deposit slip?

Back

It must be subtracted from the total deposit.

Front

What is typically included with a pre-printed deposit slip when opening an account?

Back

A check register