Checking and Savings

A bank keeps money safe until you need it.

• True

• False

What is a bank account?

• A number the bank assigns to keep track of your money.

• A form you fill out at the bank.

What is a deposit?

• Money you take out of your account.

• Money you put into your account.

Which account is used to save money?

• A checking account

• A savings account

How do you open a bank account?

• Call the bank on the phone

• Fill out an application.

A checking account lets you shop without using cash.

• True

• False

How do you make a withdrawal from a checking account?

• Write a check or use a debit card.

• Fill out a deposit slip.

What is a signature card?

• A card you use like a credit card to make purchases.

• A card that shows how you will sign your name on your checks.

How do you balance your check register?

• Add the deposits, debits, and withdrawals

• Add the deposits and subtract the debits and checks

This check is written correctly.

• True

• False