Bank statements
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Mini- statements | Gives you details about your most recent transactions.
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| Bank charges | Banks and building societies may charge the customer for providing some of their services.
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| Debit cards | An instruction from you to your bank or building society allowing someone to take money from your account. The amount of money taken can vary, but you must be told the amounts and dates beforehand.
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| Date | The date on which money entered or left the bank account. This can be a
few days after the date of the transaction, which is shown in the ‘details’
column of the statement.
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| Details | This column shows the transaction type and details. Transaction types
can include payments into the account (credits) and withdrawals from the
account.
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| Withdrawal | Any money that leaves the account.
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| Debit | Another name for withdrawal.
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| Paid in | Any money that enters the account.
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| Transfer | A transaction in which money is moved from one bank account to another.
For example, a person may transfer money from their current account into
a savings account.
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| Card transaction | Any payment made using a card to buy in a shop or online. For card transactions that include cashback (where a retailer lets a
person withdraw cash from their account when paying for goods), this cash
amount is shows in the details of the transaction.
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| Cash withdrawal | A withdrawal of cash, for example at an ATM.
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| Cheque | Payment made using a cheque. This will appear on the date the money
leaves the account, not when the cheque was written or handed over. The
details will include the cheque number but not the payee.
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| Credit | Money paid in as a transfer from another bank account, such as an
employer.
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| Automated credit | A credit (payment into the account) that takes place automatically at a set
time, such as a set day each month. Often used for salaries.
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| Brought forward | The balance of the account at the start of the period the bank statement
covers, or when moving from the bottom of one statement page to the top of
the next.
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| Carried forward | The balance of the account at the end of the period the bank statement
covers, or when continuing to a new statement page.
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| Direct debit | An instruction for an organisation to take varying amounts from your
account, such as for mobile phone bills. The organisation must warn you in
advance of the amounts and dates of collection.
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| Standing order | An instruction for an organisation to take a fixed amount from your account
on set dates, such as when paying insurance premiums monthly.
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| Overdrawn | When you have a negative amount in your bank account (an overdraft) and
owe your bank money. This is shown with (OD) next to the balance. You
may need to pay a penalty for unauthorised overdraft.
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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.
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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.
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.
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Created by:
moneysense
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