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19 terms

Banking Terms

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Atm
Automatic Teller Machine-a bank machine that gives out cash from your account and accepts deposits around the clock.
bad check
check issued against checking account with insucfficient funds to cover it
balance
compute credits and debits of an account
check register
a booklet provided by your bank for recording your checking account transactions
checking account
an account in which deposited money can be withdrawn at any time by writing a check
deposit
the act of putting something somewhere
deposit ticket
A form showing a detailed listing of items being deposited
endorse
support
financial institution
A business whose primary activity is buying, selling, or holding financial assets.
insufficient funds fee
The fee that is charged by a financial institution or business when a check does not clear.
less cash recieved
cash recieved when you make a deposit
memo
a brief written record or communication, used within an office
overdraft
a check written for money than your account contains
reconcile
settle
reconciliation
a settlement of a controversy or disagreement
statement
monthly papers from your finacial institution with all the activities in your account for the month
transaction
a business deal
void
declare invalid
withdrawal
departure