Upgrade to remove ads
Terms in this set (29)
The amount of money you have in your bank account.
Checks the bank has paid. They will appear on your bank statement.
A written order to the bank that tells it to take a stated amount of money from your account and pay it to another.
A handy portfolio that holds your check register, checks, deposit slips, receipts, and other ATM/debit card transactions.
A record that allows you to keep track of checks you have written, ATM/debit card transactions, as well as deposits and withdrawals.
A sum of money deposited INTO an account. You can use a credit to charge merchandise or borrow money.
A sum of money deducted from your account.
A plastic card that enables you to do ATM transactions and to make purchases instead of using cash or writing a check.
Money you put into your account.
A form you fill out to credit money to your account when you make a deposit.
Your employer automatically deposits your paycheck into your account.
To sign the back of a check made out to you so it can be cashed or deposited.
A fee paid to you for keeping your money in the account or a fee charged to you for a loan or credit card.
To write a check or make a withdrawal when there isn't enough money in the account to pay for it.
To write a future date on a check.
To "balance" your checking account with your monthly statement from the bank.
Automatic Teller Machine. Allows a customer to get out physical currency from their account
A check with "VOID" written across it that make it non-negotiable.
The monthly record of your account transactions sent to you by your bank.
Personal Identification Number needed to use an ATM card.
A card used when opening a new account that includes name, address, birthdate, etc.
The person to whom the check is made payable.
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.
A card that allows the holder to make purchases without cash by borrowing money
A card that is loaded with a specific cash amount before you use it but then looks and works like a credit card until the full value is spent.
Person to person payment
An online process that allows you to send money directly from your checking account to a friend via email or cell phone.
Check cashing store
A business that cashes checks, giving the customer cash in exchange for a fee for the service.
the bank's accounting of your transactions
THIS SET IS OFTEN IN FOLDERS WITH...
Types of Credit
YOU MIGHT ALSO LIKE...
Checking Account Terms
Banking and Checking Vocabulary
Financial Literacy Check Terms
OTHER SETS BY THIS CREATOR
Purchasing a used car