Is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of providing credit at competitive rates, and providing other financial services to its members.
An institution that deals in money and its substitutes and provides other financial services.
A part of the application process for opening an account at a bank so that they can compare your signature with any checks or paperwork submitted to the bank.
This is the minimum amount that you must keep in your bank account at all times.
When you complete a transaction payment for more than the amount in your checking account, the bank charges a fee to cover the expense of this error.
Money is taken from your account through various transactions.
A slip or form that is filled out with your name, account number and a space for you to record the cash and/or checks that you are depositing.
Moving funds from one account to another.
The rate charged or paid for money borrowed or saved in a banking institution.
Additional charges from the back for the services provided.
Also known as a check card or bank card and funds are transferred immediately from the bankholder's account.
Issued by a bank or lending company used to charge amount to an account and withdrawn from a bank account within 2 or 3 of a transactions.
Used to record information about transactions effecting your bank account.
Financial report prepared at the end of every month reporting transactions effecting your account.
Proces of comparing your bank statement to your checkbook register to ensure they are equal.
Person you are paying or writing the check to.
The person whose account is going to be affected by the check or transaction.
Number assigned by account written on checks and deposit slips to ensure money to deposited or withdrawn from appropriate account.
ABA Routing Number
Number assigned to the bank so that they account can be identified and money can be retreived from the appropriate bank.
The way you sign the back of the check when you are cashing or depositing a check.