Personal Finance: Check Cashing Quiz 12/21
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28 terms
Terms | Definitions |
|---|---|
 60 days | What is the normal amount of time for a check allowed to get cashed? |
| 6 months | What is the normal check depositing time? |
| bank | Who is responsible for a forged check? |
| signature card | What is the first step to opening an account? |
| what your signature looks like | What does the signature card tell about you? |
| who signs the checks | What do you have to tell the bank about signing the checks when you open an account? |
| who has access not just who signs | What does it mean when you put a persons name on the account? |
| say where money is going if one person dies | What do you have to tell the bank about survivorship? |
| taxes and questions go to them | Who is the primary? |
| sign the back of the check | What is an endorsement? |
| your name | What is a blank endorsement? |
| pay to the order of | What is a special endorsement? |
| for deposit only or final payment | What is a restrictive endorsement? |
| words | What does the bank go with if words and numbers are different? |
| fix and initial with circle | How do you fix a check if you write the wrong value? |
| 60 to 90 days | What is the normal cashing time? |
| 6 months | What is the normal deposit time? |
| balance your checkbook | What does it mean to reconcile your account? |
| check register | What should you compare your monthly bank statement to? |
| blank endorsement | When you transfer ownership what kind of endorsement is it? |
| blank endorsement | What is the first step in transferring ownership? |
| sign name under original signature | What is the second step in transferring ownership? |
| person who wrote the check | Who is the maker? |
| Check register | What do you do after you write a check? |
| bank | Where should you sign a check? |
| bank | When should you endorse the check? |
| not enough money to cover the check | What is a bounced check? |
| insuffient funds, dishonored check | What are two other terms for bounced check? |
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