Module 5 Vocab Quiz

Keeps your money safe while giving you access in different ways

• Checking account
• Automatic deposit
• Banks
• Blank endorsement
• Bounced check

Person who you have written a check to

• Payee
• Automatic deposit
• Banks
• Blank endorsement
• Bounced check

Paycheck is elecctronically deposited into your account

• Automatic deposit
• Banks
• Blank endorsement
• Bounced check
• Cashier's check

Limits your spending to whatever amount of money is in your bank account at the time

• Debit card
• Automatic deposit
• Banks
• Blank endorsement
• Bounced check

The check amount will be immediately deducted from the account

• Electronic funds transfer
• Automatic deposit
• Banks
• Blank endorsement
• Bounced check

Type of check where the bank verifies that you have the funds in your account set aside specifically for the check amount and confirms that your signautre on the check is genuine

• Certified check
• Automatic deposit
• Banks
• Blank endorsement
• Bounced check

Number entered in order to use a card for a debit transaction - adds a level of assurance that the authorized owner is the person using the card

• Personal identification number
• Automatic deposit
• Banks
• Blank endorsement
• Bounced check

Caused by writing a check when there is not enough money in the account to cover it

• Bounced check
• Automatic deposit
• Banks
• Blank endorsement
• Cashier's check

Type of check where the bank deducts the amount from your account and writes the check on its own funds

• Cashier's check
• Automatic deposit
• Banks
• Blank endorsement
• Bounced check

Fee charged by the bank when you write a check and do not have enough money in your account to cover it

• Nonsufficient funds
• Automatic deposit
• Banks
• Blank endorsement
• Bounced check