Checking Accounts

A device that allows a customer to withdraw cash immediately from you account electronically.

• ATM
• ELM
• TPR
• ADM

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.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

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 

Cash can be withdrawn from a checking account using all of the following except a(n)...

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

What is a savings account?

• An account in which you store money that you don't need right away.

• An account that is for everyday use

• An account for an emergency

True or False? Your savings account can draw interest.

• True

• False

Savings accounts pay interest on the balance of the account.

• True
• False

Tags

CCSS.4.NF.A.1

CCSS.5.NF.B.5B

Requires a Personal Identification Number (PIN) to authorize many purchases

• Credit 
• Debit
• Both

When this card is swiped, the funds will be billed to the cardholder at a later date

• Credit 
• Debit
• Both

When this card is swiped, the funds are immediately deducted from the checking account that it is linked to

• Credit 
• Debit
• Both