BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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include the reason that both cash and a check are being deposited.
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indicate what bank issued the check that is being deposited.
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indicate the amount of money that is currently in the checking account as well as in a savings account to cover the check.
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list the cash deposit separately from the check as well as the total of the deposit.
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Detailed explanation-1: -If you have checks to deposit, simply list the amount of each individual check on the lines underneath the “Cash” line. If you run out of room on the front of your deposit slip, there are usually additional lines on the back.
Detailed explanation-2: -Checking account: A checking account offers easy access to your money for your daily transactional needs and helps keep your cash secure. Customers can typically use a debit card or checks to make purchases or pay bills.
Detailed explanation-3: -When a person is reconciling a checking account and notices that the balance in the checkbook does not match the balance on the statement from the bank, which action is appropriate for the person to take first? Determine that checks already written have cleared.
Detailed explanation-4: -Depositing a big amount of cash that is $10, 000 or more means your bank or credit union will report it to the federal government. The $10, 000 threshold was created as part of the Bank Secrecy Act, passed by Congress in 1970, and adjusted with the Patriot Act in 2002.