PA: U2 - Checking Account Basics

A written order used to tell a bank to pay money (transfer funds) from an account to another account, person, or entity.

• check

• register

• statement

• overdraft

A _____ is used to add funds to a bank account

• deposit slip
• signature card
• check
• check register

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

Money taken out of your checking account.

• withdrawal
• stop payment
• endorsement
• outstanding

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

You _________ your account when you write checks for more money than you have in the bank.

• debit card

• service fee

• overdraw

• deposit

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

Some banks charge $20 or $25 penalty fee for checks you don't have enough money to cover.

• True
• False

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CCSS.6.NS.C.5

What is a debit card?

• it's like a check but comes out of your account automaically  
• It's more convient than a check
• Your use your PIN number to make purchases 
• all of the above 

Which of the following is not something that you fill out on a check?

• your signature 
• the date
• your birthdate 
• who the check is made payable to 

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

Checking accounts should be used for ...

• everyday transactions.
• emergency funds.
• short-term goals.
• long-term goals.

Cash can be withdrawn from a checking account using all of the following except a(n)...

• debit card. 
• check. 
• ATM.
• credit card.

One difference between a savings account and a checking account is...

• checking accounts usually pay less interest.
• the checks.
• the number of withdrawals.
• All of the Above