Checking Account

This account allows you to withdraw money, pay a bill, or make purchases easily.

• Checking Account

• Savings Account

• Market Money Account

• CD Account

This action removes money from an account, either at the bank or an ATM.

• Withdrawal

• Deposit

• Loan

• Credit

When you spend more money than you have in your account, you might get a/an . . .

• overdraft fee

• ATM fee

• foreign transaction fee

• minimum balance fee

Which type of bank account is best for everyday transactions?

• Checking Account

• Savings Account

• Money Market Account

• Certificate of Deposit

Which account type lets you spend your money easier?

• savings account

• checking account

• certificate of deposit

• mortgage

What is a checking account?

• An account used for saving money and earning interest

• An account used for daily transactions like paying bills and making purchases

• An account used for investing in stocks

• An account used for taking loans

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DOK Level 1: Recall

What is the primary purpose of a checking account?

• To save money and earn interest

• To conduct daily financial transactions

• To invest in the stock market

• To secure a loan

Which feature is commonly associated with checking accounts?

• High interest rates

• Limited withdrawals

• Check-writing ability

• Long-term savings

What is typically required to open a checking account?

• A credit score check

• A minimum deposit

• A co-signer

• A business plan

Which of the following is a common fee associated with checking accounts?

• Overdraft fee

• Early withdrawal fee

• Brokerage fee

• Annual percentage yield fee