Banking Terms.. C Walker

Question 1

A card that is connected to your checking account. When used funds are withdrawn, or taken out.

Accepted Answer

Debit Card

Question 2

You take money OUT OF your account

Accepted Answer

Withdraw

Question 3

List of activity from your bank account. you receive this from the bank every month.

Accepted Answer

Bank Statement

Question 4

What does ATM stand for?

Accepted Answer

Automated Teller Machine

Question 5

signing the back of a check

Accepted Answer

Endorse

Question 6

A bank that is owned by a group of people to make a profit

Accepted Answer

Commerical Bank

Question 7

This card is used more for everyday use.

Accepted Answer

Debit Card

Question 8

What does PIN stand for?

Accepted Answer

Personal Identification Number

Question 9

ATM machines are usually located on the outside of a bank.

Accepted Answer

True

Question 10

When you write a check, but there is not enough money in your account

Accepted Answer

Insufficient Funds

Question 11

Offers easy access to your money for your daily transactional needs, keeps your cash secure

Accepted Answer

Checking Account

Question 12

A bank that is owned by its members

Accepted Answer

Credit Union

Question 13

allows you to accumulate interest on funds you've saved for future needs

Accepted Answer

Savings Account

Question 14

You can buy things and pay for them later when you use credit.

Accepted Answer

True

Question 15

an electronic banking outlet, allows customers to complete basic transactions

Accepted Answer

ATM

Question 16

You put money INTO your account.

Accepted Answer

Deposit

Question 17

When you try to take more money out of your bank account than you have in your account

Accepted Answer

Overdraft

Questions 17