Busy. Please wait.
Log in with Clever
or

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever
or

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Bank Payments

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Term
Definition
Laser Card   The money comes out of your current account immediately. It can also be used to get "cash back".  
🗑
Credit Card   You get a bill at the end of the month and will not be charged interest if you pay it on time. If payed late the interest charged is VERY high.  
🗑
Credit Transfer   Used to send money from your account to someone else's account.  
🗑
Standing Order   Giving the bank permission to pay a fixed sum of money at a fixed time to pay a regular bill.  
🗑
Direct Debit   Authorising the bank to pay a variable amount at a variable time to cover a bill.  
🗑
Paypath   The employer pays the employee's wages directly into his/her bank account.  
🗑
Bank Draft   One of the bank's own cheques that can be useful for people who don't have a bank account.  
🗑
Stale Cheque   A cheque that is over six months old and is of no use to the payee as it is now out of date.  
🗑
Dishonoured Cheque   A cheque that the bank refuses to pay out on. This could be because the drawer does not have enough money in the account.  
🗑
Crossed Cheque   Contains two parallel lines with an instruction from the drawer. Can only be lodged into the account of the payee. It is the way to make a cheque safe.  
🗑
Endorsing a Cheque   The payee signs the back of the cheque so that s/he can pass it on to someone else.  
🗑
Post-dated Cheque   The drawer puts a future date on a cheque so that it can't be used until that date.  
🗑
ATM   Automated Teller Machine. Used to withdraw money, check your balance, order a statement etc.  
🗑


   

Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
 
To hide a column, click on the column name.
 
To hide the entire table, click on the "Hide All" button.
 
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
 
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.

 
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how
Created by: iceman10
Popular Finance sets