Banking Services

what president is on the 1000 dollar bill?

A benefit of __________ is that you can access your account 24 hours a day.

_________ interest is earned on both principal and previously earned interest.

A personal check with guaranteed payment

Banks offer a _______ for storage of valuables

Checks that have not been cashed yet or do not show up on your bank statement are called

A check marked “NSF” and returned to the payee’s bank unpaid is said to have ________.

Which of the following is the most liquid?

To open a checking account with this institution, you must be a member

A U.S. savings bond is sold at a discount and grows to its face value over time.

You can use a _____ card for ATM, merchant and other types of transactions. 

A type of endorsement that makes it so the check can only be deposited to a certain account is

When you deposit money in the banks, it is used for?

If it is your first account, you may need your parent to sign with you. This is called a

A CD is a great savings option if you want to have immediate access to the money.

Which of the following offers tax advantages if used for education purposes?

Traditionally specialized in savings accounts and loans for home mortgages

Each time you make a transaction with your account, it is important that you

You should perform this task at the end of every month to see which transactions have cleared

Often called full-service banks because they offer a wide range of financial services

The penalty you would be assessed if you wrote a check for more money than you have is a

A ______ is different than a debit card, as it allows you to spend money that you don't have

Banks will hold postdated checks and process them at the future date.

To cash a check, you will need to put a __________ on the back of it.

You should always use a ______ on a check so that it cannot be changed.

A form that has space to track each check and deposit and keeps a running balance.

When you purchase a savings bond, you are loaning money to the government.

When opening a checking account you will need to sign a _________ card to verify your name

When you want to put money into your checking account, you'll need to fill out a

Which of the following is not a demand deposit in a bank?

Banks cannot lend out all of the money they receive in deposits, they must keep some in

This organization supervises and regulates member banks

The _______ insures accounts at all banks up to $250,000

When reconciling a bank statement, the amount of outstanding checks is

The number on the bottom of your check is your