NGPF-Checking Exam Study Guide.
NGPF-Checking Exam Study Guide. Checking account - answerA bank account from which payments can be ordered by a depositor Ways to get money out of a checking account - answerwrite checks debit cards ATM withdraw from a bank branch online bill pay transfer fund electronically debit card - answerA bank card that automatically deducts the amount of a purchase from the checking account of the cardholder Automatic Teller Machine (ATM) - answerA computer terminal used to conduct banking transactions; also called a cash machine Online Bill Pay - answerallows you to make payments from your checking account without having to write a check and send it in the mail Ways to get money into your checking account - answerdeposit using a smartphone in person at a local bank transfer funds electronically direct deposit direct deposit - answeran automatic deposit of net pay to an employee's designated bank account free checking - answerA checking account with no service fees; it does not pay interest and may come with conditions service charge - answera fee a bank charges for handling a checking account also called maintenance fee FDIC - answerFederal Deposit Insurance Corporation: A federal guarantee of savings bank deposits initially of up to $250,000
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