with Complete Correct Answers |
Grade A+
checking account
Ans: A bank account from which payments can be ordered by a depositor
Ways to get money out of a checking account
Ans: write checks
debit cards
ATM
withdraw from a bank branch
online bill pay
transfer fund electronically
debit card
Ans: A bank card that automatically deducts the amount of a purchase from the checking
account of the cardholder
Automatic Teller Machine (ATM)
, Ans: A computer terminal used to conduct banking transactions; also called a cash machine
Online Bill Pay
Ans: allows 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
Ans: deposit using a smartphone
in person at a local bank
transfer funds electronically
direct deposit
direct deposit
Ans: an automatic deposit of net pay to an employee's designated bank account
free checking
Ans: A checking account with no service fees; it does not pay interest and may come with
conditions
service charge