3-1 Flashcards
0
Q
Direct deposit
A
A means by which you can get a payroll or government check sent directly to an account
1
Q
Checking account
A
An account at a bank that allows a customer to make deposits, withdrawls, and make transfers from the funds on deposit
2
Q
Insufficient funds
A
When a check is written for an amount that cannot be paid out of the account
3
Q
Overdraft protection
A
Offers the ability to pay a check even if there are not enough funds in the account
4
Q
Maintenance fee
A
A fee to maintain your checking
5
Q
Interest
A
A percentage of the money in your checking account payed over a given amount of time
6
Q
Debits
A
Withdrawls
7
Q
Credit
A
Deposits
