Question
C. Complete the sentences below with the bank account remu provided. NSF charge banks stement account reward points unlimited rea nuctions transaction limit savings account direct deposit mobile banking minimum balance chequing account fee walver overdraft prote ction __ account holder account balance banking app inking app 1. Miriam has her own bank account. She is the . __ 2. Ann and her husband share the same bank account. They have a __ 3. It is fine to have 0.00 in your bank account. You do not need a __ 4. Jay wants to save money to go to college. He opened a __ because the interest rate was good. 5. __ disappointed He can deposit money,withdraw money and write cheques. The interest rate is very low. Hani can withdraw, deposit or transfer money, pay bills, erC. as many times as he wants each month. His bank plan gives him __ Lily withdrew and deposited money 11 times last month. She went over her __ __ by one. She has to pay 1 8. Many banks do not charge fees for transactions if you keep a minimum balance. They offer a __ __ Lucy's employer does not give her a paper paycheque. Instead, her pay goes into her bank account. uses __ because it is convenient and free. d epos 10. It is important to check your __ shows your account balance and a list of all your transactions and fees. 11. Oleg can do banking with his smartphone anywhere and anytime. He likes __ __ because it is so convenient. 12. You need a special tool or application to do banking on your smartphone. This is called a __ 13. Tashi gets a point every time she spends 40 with her debit card.She gets __ __ which she can use to travel or buy groceries. 14. It is important to know how much money is in your bank account before you write a cheque. It's a good idea to check your __ first. 15.Asha wrote a rent cheque for 800 but she had only 750 in her account. There was an __ __ (not sufficient funds) charge of 40 on her next statement. 16.Amelia bought groceries for 65 with her debit card.She had only 50 in her account. This was n a problem because she pays the bank for __ means the bank gives her a temporary loan when she writes a cheque or withdraws money.
Solution
Expert Verified
4.3(283 Voting)
BrielleProfessional · Tutor for 6 years
Answer
1. Miriam has her own bank account. She is the **account holder**.<br /><br />2. Ann and her husband share the same bank account. They have a **joint account** (While not provided in the word bank, this is the most appropriate term).<br /><br />3. It is fine to have $0.00 in your bank account. You do not need a **minimum balance**.<br /><br />4. Jay wants to save money to go to college. He opened a **savings account** because the interest rate was good.<br /><br />5. **He opened a chequing account.** He can deposit money, withdraw money and write cheques. The interest rate is very low.<br /><br />6. Hani can withdraw, deposit or transfer money, pay bills, etc. as many times as he wants each month. His bank plan gives him **unlimited transactions**.<br /><br />7. Lily withdrew and deposited money 11 times last month. She went over her **transaction limit** by one. She has to pay an **NSF charge** (or potentially a transaction fee, depending on the bank's policy).<br /><br />8. Many banks do not charge fees for transactions if you keep a minimum balance. They offer a **chequing account fee waiver**.<br /><br />9. Lucy's employer does not give her a paper paycheque. Instead, her pay goes into her bank account. She uses **direct deposit**.<br /><br />10. It is important to check your **bank statement**. It shows your account balance and a list of all your transactions and fees.<br /><br />11. Oleg can do banking with his smartphone anywhere and anytime. He likes **mobile banking** because it is so convenient.<br /><br />12. You need a special tool or application to do banking on your smartphone. This is called a **banking app**.<br /><br />13. Tashi gets a point every time she spends $40 with her debit card. She gets **reward points** which she can use to travel or buy groceries.<br /><br />14. It is important to know how much money is in your bank account before you write a cheque. It's a good idea to check your **account balance** first.<br /><br />15. Asha wrote a rent cheque for $800 but she had only $750 in her account. There was an **NSF charge** (not sufficient funds) charge of $40 on her next statement.<br /><br />16. Amelia bought groceries for $65. She had only $50 in her account. This was not a problem because she pays the bank for **overdraft protection**. This means the bank gives her a temporary loan when she writes a cheque or withdraws money.<br />
Click to rate: