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CFM

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Overdraft Fee   Spending a dollar more than you have in your account.  
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Bounced Check   Writing a check when you don't have enough money in your account to cover it.  
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Nonsufficient Funds   Net you a fee of $25 to $50 from the business listed as the payee.  
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Banker's Hours (Business Day)   Any day, Monday-Friday, minus federal holidays (and designated holidays within your state).  
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Overdraft Protection   The bank offers you the option for protection from having your card declined.  
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Deposit Slip   Can't spend money until you deposit money. At the bank you may need to fill out a deposit slip that lists the amount involved.  
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Endorse   Must endorse a deposit check by singing your name on the bank.  
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Blank Endorsenent   The check can either be deposited or cashed with no restrictions; transfer money from the payer.  
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Restrictive Endoresment   Writing "for deposit only" and your bank account number with your signature.  
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Bank Hold   Banks hold deposited checks to reduce their risk of cashing a bad check. If there's a hold, the money usually won't be available until the nect business day. New account customers delay can be as long as 10 business days.  
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Debit Card   Might look like a credit card. Acts more like a check, limiting your spending to whatever amount of $ is on your bank account.  
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Where does the money come from when you use a debit card?   Money comes out of your bank account.  
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Personal Identifucation Number (PIN)   Provides an extra level of assurance that the authorized owner is the person using the card.  
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Created by: Blissful_Olive
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