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Choosing and Balancing a Checking Account

STUDY
PLAY
ATM
Automatic Teller Machine- a bank machine that gives out cash from your account and accepts deposits around the clock
Balancing a Checking Account
calculations that are made to determine the difference between the payments from, and deposits to, a checking account
Bank
financial institution at which you can get a checking account or savings account
Bank Statement
monthly printout from your bank that shows all transactions in your account
Basic Checking Account
a no-frills checking account that offersa loe minimum opening deposit and reduced fees for students
Check
a debit against your checking account written on a paper form