Banking Part 1

If you spend more money then you have in your checking account, your account will be _______.

Debit cards allow consumers to ____________ or pay for items in thousands of stores nationwide.

Checks make it _________ to send money via mail. 

To use your checking account to pay for items, you can swipe a debit card or _____________.

A person can ____________ a check in order access money.

If the ATM used is not your bank, this may happen:

ATM stands for _____________.

You should regularly compare your balance with the bank's if you want to avoid _________.

__________ institutions do not accept traditional deposits. 

Financial institutions that provide traditional checking and saving accounts for individuals.

Depository institutions pay __________ to people that leave the deposit. 

PIN stands for ________

Depository institutions provide __________ to people and businesses in the community. 

What information goes on the "pay to the order of" section of the check?

A check can be cashed for the  _______ amount that is written on the check.

A ____________ allows you to deposit money and gradually withdraw funds for day to day use.

Internet banks pay a higher ____________.

What does the NOW stand for on NOW accounts?

All of the following are examples of nondepository banks except __________.

What is written in the memo section of a check? 

_______ looks like a credit card but works differently.

You should record your balance amount from your checking account in a ____________ 

Most people open a checking account in order to have an accurate ________________.

At the end of each month, the bank will send a _________.

Debit cards can be dangerous because of how ________ it is to use