A record the bank keeps of all of your monthly transactions
Fees assed to your account for processing certain transactions
Each check in your checkbook will be numbered consecutively
Specific set of instructions written on the back of a check that must be followed for processing
The payee simply signs the back of the check
Transferring ownership of a check from one party to another using a special set of instructions. ie: "Pay to the Order of," or "Make Payable To.
When you withdraw more money than what you actually have in the bank, or when you write a check for more money than you actually have
Checks that still haven't cleared through the bank and into/out of your checking account
The party who pays the money to the payee. Always a bank (or other financial institution), bank name is always printed on the check
The party who requests (orders) that payment be made. The owner of the bank account the check is drawn from.
The party to whom the instrument is payable
A substitute for money and a negotiable instrument
A check drawn on the institution it is presented to. Check from Granite State Credit Union are considered "on-us" checks.
A check that is drawn on a bank by one of its own officers from the account holder's account. Certified funds.
A prepaid check that can be purchased at specific merchants and the US Post Office.
A cash substitute that is insured against loss or theft and that is sold by an agency or by a bank.
Record of all transactions made into/out of your account
This is where the edge is jagged from being ripped from a check book or paystub
This number defines the institution and is the same on the bottom of each check drawn on that particular institution.
The legal amount that the check is written for. The numerical amount and the legal amount of the check must match for it to be negotiable and valid.
When there aren't enough funds to cover the check written.
Written to ensure that the check is no longer valid.
non sufficient funds fee, charged when you bounce a check.