Upgrade to remove ads
Terms in this set (24)
A written order instructing a financial institution to pay immediately on demand a specified amount of money from the checking account.
Statement of a customer's deposit account. Shows records.
A debit card allows the account owner to access their funds electronically. Debit cards are attached to a persons checking/ saving account.
Generally a four-character number or word, the PIN is the secret code given to credit or debit cardholders enabling them to access their accounts.
EFT- Electronic Funds Transfer-
The transfer of money between accounts. Checking/savings.
A service that allows an account holder to obtain account information and manage certain banking transactions online.
Term used to represent an amount that exceeds the amount on deposit in the account.
Protection from overdrawing on an account. Could be directly linked to a saving account.
Interest Bearing Account
Checking or savings account that gains interest based on how much money is in the account and the given rate of interest.
inadequate funds in an account to draw money from.
a card signed by each depositor and customer of a bank which may be used as a means of identification. The signature card represents a contract between the bank and the depositor.
number that indicates your particular account at the bank.
nine-digit number on the bottom left hand corner of your checks. Identifies the bank that issued the check.
form you fill out to credit money your account when you make a deposit.
online banking service that offers the convenience and control of managing and paying bills.
Your employer automatically deposits your paycheck into your account.
charges by the bank for use of certain applications.
to "balance" your checking account with your monthly statement from the bank.
A record that allows you to keep track of check you have written, ATM/debit card transactions, as well as deposits and withdrawals.
signature on the back of a check.
the person to whom the check is made payable.
A check with a future date on it.
A check that has been written but not yet deducted from the person's bank account.
A deposit that has been made but not yet added to the person's bank account.
YOU MIGHT ALSO LIKE...
Principles of Economics
Financial math vocab