
Banking Review
Quiz by Kathy Welte
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What is the sum of money called that is deducted from your account?
The card connected to your checking account is called a pre-paid card.
What is the money set aside for unanticipated expenses called?
What is it called when you sign the back of a check so it can be deposited
What is the certain amount of money required to be kept in an account called?
What do you call a digital account offering high interest rates but no physical bank
What do you call check that has been written but not yet present for payment?
What is a check called that is altered so it can no longer be used?
This is an electronic communication that moves funds from one bank to another.
This document is filled out when you open an account so that the bank can verify who you are when making transactions
What provides you greater security when you are on vacation.
This is a handy portfolio that holds your checks and check register
This device is found in stores and allows customers to access their bank accounts.
This card allows the holder to make purchases through borrowing
This is a digital currency that uses encryption algorithms.
This government protection protects bank accounts up to $250,000
The money that the bank pays you for leaving your money in your account is called interest.
This is the tool that allows you to put money in your account from your phone.
This is the money that you put in your account that doesn't appear on your statement.
Overdraft protection is the amount charged by the bank if you spend more than you had in your account.
What is it called when you write a future date on a check?
This is the notification received if something peculiar happens with your account.
What is the tool that is loaded with a specific amount of money before it can be used?
It is important to compare your records with your bank statement using a processes called reconcile.
This is a list of transactions that is prepared by your bank.
This is the amount of money you have in your bank account.
This is a business that gives people cash in exchange for a fee.
This is your paper record of debits and credits to your account
This is money you put into your account.
This is the category on your check register that you put deposits in.Â
A withdrawal slip is the form that you will out when you put money into your account.
A deposit slip is the form that you fill out when you put money into your account.
The phone app that stores your banking and credit card information is called an online bank.
What is the phone app that stores banking and credit card information called?
This is the notification that you get when your account balance dips below a certain amount.
This is the fee that you are charged for processing and handling as a routine bank charge.Â
The medium of exchange replacing currency and checks as payment is called cryptocurrency
Megabyte money is a medium of exchange replacing currency and checks as payment such as credit and debit cards.
A check that has been paid by the bank is called an outstanding check
What is that check that has been paid by the bank called?
This is a bank product that pays interest on untouched lump-sum deposits.Â
This is reinvested interest that grows exponentially over time.
This is money deposited into an account.
The digital movement of money from one bank account to another.Â
What is the type of savings account that allows debit card and check writing privileges?
A person who does not have access to a traditional bank account is called underbanked.
The person who has a bank account but uses non-traditional financial services is underbanked.
This is a consumer banking tool that allows you to schedule and make payments on the internet.Â
This is the individual code number needed to use an ATM card.
This is a digital method that allows you to pay your friends through an app.
This is a loan by your bank if you spend more than you have in your account.
This is the charge that you get if you spend more money than you have in your account.
This is the person that a check is made out to.
How long will it take Susan to save 6 months worth of expenses in her emergency account when she makes $4,000 a month and has $2,000 in monthly expenses. Â She plans to save 10% of her income each month. Â How long will it take her to save the money?
How much money does FDIC insurance protect your bank accounts for?
Historically, savings accounts ear higher returns than investments in the stock market.Â
You only is safe if the bank fails if your bank provides FDIC insurance
It is important to put money away for retirement as soon as possible - when you get your first full-time job.Â
You can avoid an overdraft fee by balancing your check register with each payment and reconciling your bank account.Â