Upgrade to remove ads
Checking Account Terms
Terms in this set (35)
The amount of money you have in your 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 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. Also the ability to charge merchandise or borrow money.
A sum of money deducted from your account.
A plastic card that is electronically connected to the cardholders depository institution account
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 an 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.
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/debit 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
Check cashing store
A business that cashes checks, giving the customer cash in exchange for a fee for the service.
The signature of the of the payee written on the back of the check exactly as the name appears on the front of the check.
A non-refundable charge for a service.
Floating a check
The practice of writing a check on insufficient funds and hoping a deposit will clear before the check is cashed.
A check written for more money than your account contains.
The process of matching your checkbook register with the bank statement.
An endorsement that restricts or limits the use of a check.
An endorsement that transfers the right to cash a check to someone else.
Automated teller machine (ATM)
A machine that allows individuals to complete certain transactions from the machine without human assistance
An account that allows quick access to funds for transactions
Peer to Peer payment (P2P payment)
The transfer of funds between two parties using their individual banking accounts or credit cards through an online or mobile app.
THIS SET IS OFTEN IN FOLDERS WITH...
Credit Reports and Scores
YOU MIGHT ALSO LIKE...
Checking Account Terms
Financial Literacy Check Terms
OTHER SETS BY THIS CREATOR
History of American Chair Styles
1930s Fashion History
Interior Design Styles
OTHER QUIZLET SETS
Con Law Harris S11
PHRM 135: Spasmolytic Drugs
Q6 GNMD - Congenital heart defect, ischemic heart…
World Religions- Chapter 1