Question

3. Describe at least four ways you can take money out of a checking account. (1-4 sentences. 2.0 points)

Answer 1

Answer:1. Withdraw cash: An individual can take cash out of your account, using either an ATM or with a teller. If you use a credit union that is part of a shared branching, you can withdraw cash at other credit unions.

2. Use a debit card. The card pulls from your checking account. Swipe or insert your card at the card reader, or make purchases online with your card.

3.Write a check: Checks are also funded from your checking account. When you. write a check you should assume that the funds are no longer available

4.Pay a bill: Available funds can be used for online bill payment, whether you create the payment from your bank or your biller asks your bank for the money. If your billers pull from your account automatically, be sure to keep enough money on hand.

Explanation: hehe

Answer 2

1. Withdraw cash: An individual can take cash out of your account, using either an ATM or with a teller. If you use a credit union that is part of a shared branching, you can withdraw cash at other credit unions.

2. Use a debit card. The card pulls from your checking account. Swipe or insert your card at the card reader, or make purchases online with your card.

3.Write a check: Checks are also funded from your checking account. When you. write a check you should assume that the funds are no longer available

4.Pay a bill: Available funds can be used for online bill payment, whether you create the payment from your bank or your biller asks your bank for the money. If your billers pull from your account automatically, be sure to keep enough money on hand.