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2 maj 2020 · A checking account is a type of bank account that allows you to put money in—make a deposit —or take money out—make a withdrawal. A checking account allows you to pay for things in other ways than using cash—like writing checks or using a debit card.
10 cze 2024 · Checking account. Your checking account, sometimes called a bank account, is your home base for making financial transactions. The account can be interest-bearing, or non-interest-bearing ...
Checking Account Vocabulary. Match these words to the definitions. Bounce a check. Check. direct deposit. e. interest. f. minimum balance. g. overdraft protection. d. fee. h. waive. _____1. take away . _____2. employer sends your paycheck to your bank account each month. _____3. if you write a check for more than you have in your account.
Checking account – a financial account into which people deposit money and from which they withdraw money by writing checks or using debit or ATM cards. Compound interest – a situation in which interest is earned on previously earned interest in such a way that earnings accumulate more rapidly over time.
CHECKING ACCOUNTS AND ALTERNATIVE BANKING METHODS. Key concepts. Types of payment, checking accounts, interest, ATM transactions, debit and credit cards, purpose of saving. Summary.
6 kwi 2024 · A checking account is a type of bank account that allows for the easy withdrawal and deposit of money. These accounts are primarily used for day-to-day transactions, making them essential for managing personal and business finances.
Checking account basics. Students read a handout to learn about opening a bank or credit union account and then simulate asking a bank or credit union representative questions to determine if the account is for them.
