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 amount withdrawn amount deposited balance check number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