0059 Opening a Bank Account

Question 1

• When Leticia’s cell phone company started charging more for their services, she _______ to a different cell phone company.

to change from one thing to another; to stop using one thing or service and begin using another

Answer 1

to switch

• When Leticia’s cell phone company started charging more for their services, she switched to a different cell phone company.

Question 2

• Randell drove his car up to the _____-_______ ______ and made a deposit.

a bank employee with who a customer can talk to through a window on the side of the bank that one can drive up to in one’s car

Answer 2

drive-through teller

• Randell drove his car up to the drive-through teller and made a deposit.

Question 3

• Wilma had approximately $3,500 in her bank _________.

storage for one’s money in a bank; a record of the money one stores in the bank

Answer 3

account

• Wilma had approximately $3,500 in her bank account.

Question 4

• The check that Mr. Yantis used to pay the power company took the money directly from his ________ account.

temporary storage for money in a bank, which one pays money from by writing checks (slips of paper that take money directly from one’s account)

Answer 4

checking

• The check that Mr. Yantis used to pay the power company took the money directly from his checking account.

Question 5

• Gianna puts aside a little money each week and puts it in her _________ account.

long-term storage for money in a bank, which is used to help people save and sometimes earn money over a long period of time

Answer 5

savings

• Gianna puts aside a little money each week and puts it in her savings account.

Question 6

• The nurse had Phil complete a _____ before he saw the doctor.

an official document with empty spaces on which one must write certain information so that a specific task can be done

Answer 6

form

• The nurse had Phil complete a form before he saw the doctor.

Question 7

• Chantelle _____ ____ her contact information so that the store would be able to deliver the item she ordered to her house.

to write information that is being asked for on a form or other document

Answer 7

to fill out

• Chantelle filled out her contact information so that the store would be able to deliver the item she ordered to her house.

Question 8

• The car rental company asked El to show them his __________-_______ ID.

a card or document that is officially given to someone by the government, which confirms that the person is who he or she claims to be

Answer 8

government-issued ID

• The car rental company asked El to showed them his government-issued ID.

Question 9

• Jackie needed to write down her ________ _______ ______ on the tax document so that the government knew whose record the document belonged to.

an individual number given to every citizen or resident of the United States that can be used to confirm who one is

Answer 9

Social Security number

• Jackie needed to write down her Social Security number on the tax document so that the government knew whose record the document belonged to.

Question 10

• The account was _______-_______, and Logan earned $0.05 on every $1,000 he kept in his account each month.

earning extra money on the money in a bank account; increasing in value or money because of the amount of time money is left in a bank account

Answer 10

interest-bearing

• The account was interest-bearing, and Logan earned $0.05 on every $1,000 he kept in his account each month.

Question 11

• If you open a checking account, make sure that it has ________ _________.

a service that prevents one’s checks from being rejected because one did not have enough money in one’s account

Answer 11

overdraft protection

• If you open a checking account, make sure that it has overdraft protection.

Question 12

• A ______ _______ account pays more interest than a traditional savings account.

a system of trading money in which one can earn extra money for keeping money in a bank account over a period of time

Answer 12

money market

• A money market account pays more interest than a traditional savings account.

Question 13

• Instead of getting a paycheck in the mail, Peter gets paid with _______ ________ and the money is deposited into his account automatically.

a system where an employer pays an employee by sending money directly to an employee’s bank account

Answer 13

direct deposit

• Instead of getting a paycheck in the mail, Peter gets paid with direct deposit and the money is deposited into his account automatically.

Question 14

• When Elaine _______ __ ___ _______ ____ of the loan document, the loan was made final.

to write one’s name on the last line of an official document, stating that one agrees to the conditions written on that document

Answer 14

to sign on the dotted line

• When Elaine signed on the dotted line of the loan document, the loan was made final.

Question 15

• The _________ ________ to open a savings account with that bank is $50.

the smallest amount of money one can give to the bank when opening an account, which is then saved in that new account

Answer 15

minimum deposit

• The minimum deposit to open a savings account with that bank is $50.