Banking Review: Savings vs Checking

A bank account for NOW is a....

• Checking Account

• Savings Account

You can deposit money into a...

• Savings Account

• Checking Account

If you are depositing money you are...

• Taking money out of your account

• Putting money into your account

• Transferring your money to another account

• Closing your account

If you are withdrawing money you are..

• Putting money into your account

• Taking money out of your account

• Transferring your money to another account

This type of account only allows a limited number of withdrawals each month..

• Checking Account

• Savings Account

Which type of account(s) gives you a monthly statement indicating how much money you have in the account?

• Checking Account

• Savings Account

What kind of account usually has a monthly fee?

• Checking Account

• Savings Account

You can write checks from a...

• Savings Account

• Checking Account

If you had a lot of money and weren't planning to spend it soon, you'd use this account...

• Checking Account

• Savings Account

You can make unlimited withdrawals from a...

• Savings Account

• Checking Account