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Checking and Savings Accounts

Try the four activities and test your knowledge of checking and savings accounts. Good Luck!!!

AB
PayeePerson the check is made out to
endorsementsignature on back of check allowing transaction
signature cardused to verify person when writing a check
drawerperson who writes checks
draweebank on the check
stop payment orderrequest bank not to cash a check
ABA numberbanks ID number
check registerrecord of checking acct. transactions
joint accountaccount held by 2 people
deposit ticketitemized list of cash/checks deposited
bank statementrecord of monthly checking transactions
cancelled checksbank paid check to payee, always keep
outstanding checkschecks not shown on statement
compounding interestinterest paid on interest
withdrawalsmoney taken out of bank
depositsmoney put in the bank
NOW accountsavings acct. which allows using checks
minimum balancemoney required to start or maintain inaccount

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