Checking Account
Checkbook Register
A booklet used to track deposits and withdrawals from a checking account
Account Verification
A process where banks check your credit history to make sure you will be a responsible account holder
When opening a checking account, the bank does not run an account verification if you provide a state-issued ID. True False
False
Choose all that apply. Select all the tasks associated with maintaining a checking account. Record paycheck deposits in a check register. Balance the checking account. Transfer money from checking to savings. Record and subtract cash withdrawals from an ATM. Record and add interest.
Record paycheck deposits in a check register. Balance the checking account. Record and subtract cash withdrawals from an ATM. Record and add interest.
Jordan already has a checking account. She wants to deposit a check that she received from her aunt for her birthday. What should Jordan do? Complete a signature card and give it to the teller. Subtract the amount in her check register. Sign the back of the check, complete a deposit slip, and bring it to the teller. Sign the back of the check, complete a withdrawal slip, and go to a cashier.
Sign the back of the check, complete a deposit slip, and bring it to the teller.
Payee
The person or company to which you are writing a check
What should appear in this section of a check register? amount withdrawn amount deposited balance check number
amount deposited
When writing a check, you complete all of these steps except for _____. signing the back of the check writing the date writing the amount in numbers writing the amount in words signing the front of the check
signing the back of the check