| Term | Definition |
|---|
| federal reserve system (fed) | to supervise and regulate member banks and to help banks serve the public efficiently |
| commercial banks | most common way for a bank to be organized |
| credit union | a user- owned,not for-profit, cooperative financial institution |
| safe-deposit boxes | for storage of valuables |
| service charge | a fee a bank charges for handling a checking account |
| debit card /cash card | is used for ATM trasactions |
| endorsement | is witten evidence that you received payment or that you tranferred your right of receiving payment to someone else |
| check register | is a separate book, usually the same size as the checkbook |
| stop payment order | a witten notice that tells the bank not to pay a certain check |
| bank statement | the bank will send you a report status of your account |
| bank recconciliation | the document created to show how the two balances were brought into agreement |
| outstanding checks | checks,that have not been deducted from the bank statement balance |
| money order | is sold by a bank stating that money is to be paid to a specific person or business |
| sudtitute check | is a digital reproduction of the original paper check |
| check stub | is a form attached to the check by a perforated line |
| mutual savings bank | is a savings bank that is owned by and pperated for the benefit of ,its depositors |
| reserve bank | is a bank for banks |
| fullservice banks | offer a wide range of financial services |
Combine with other sets
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