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14 terms

vocabulary chapter 14

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Checking account
a bank account from which a depositor can withdraw money using a check or a debit card
deposite
money out in a bank account
check
a written order directing a bank to pay a certain amount of money from the account of the person who signs it to the persons name
minimum
the lowest amount of money a depositor can keep in an account without being charged an additional fee
interest
money that a bank pays your for keeping your money in that bank
ATM
an automatic machine a machine that allows you to take money out of or put money into your banking account using a special card
signature card
a card you sign when you open a bank account
deposit slip
a form you fill out that shows how much money you are putting in the bank
receipt
a form that the bank gives you that shows how much money you put in or took out of your bank account
check register
a small chart where you record the checks you write and the deposits you make
balance
the amount of money in a bank account
savings ac count
a bank account on which interest os paid and from which a depositor can withdraw money
withdraw slip
a form used to take money out of the bank
bank statement
a report that the bank sends you to show how much money is in your accounts