Banking Unit

What federal organization insures banks?

• FDCI

• FDOC

• FDIC

• FDDC

When you write a check it is taken out of your savings account?

• True

• False

What does a bank send you at the end of the month?

• Bill

• Overdraft fees

• Bank Statement

^{_____ is a written order to a bank to pay a stated amount to the specified recipient.}

• Cash

• Check

• Payment Order

• Credit Card

_____ is money added to a checking or savings account.

• Withdraw

• Check

• Deposit

When an employee's paycheck is automatically added to their bank account

• Direct Deposit

• Automatic Payment

• Debit Card

• FDIC

Plastic card that allows you to withdraw money or make payments from your bank account.

• Credit Card

• Debit Card

Financial institutions that are not-for-profit organizations.

• Commercial Bank

• Credit Union

Fee for writing a check for more money than you have in your account.

• Monthly Service Fee

• Maintenance Fee

• Overdraft/NSF Fee

• APY

Amirah is going to college and will not be able to visit her home bank very often. She needs a way to access her money and track what she spends.

• Personal Loan

• Debit Card

• Online Banking

• Credit Union