A computer terminal found in many locations that allows you to complete a variety of banking transactions.
What is an automated teller machine (ATM)?
100
Small places within a bank that customers can rent in order to keep their valuables safe and secure.
What are safe deposit boxes?
200
This takes place when people trade goods or services without the use of money.
What is bartering?
200
A checking account with two or more persons on it.
What is a joint account?
200
Amounts taken out of a checking account?
What are withdrawals?
200
This takes place when a computer sends an electronic message to another computer, telling it to move money from one account to another.
What is an electronic funds transfer (EFT)?
200
Checks that can be bought before vacation and replaced if lost.
What are traveler's checks?
300
The reason there is no longer penny candy in stores (we pay 5, 10 or 25 cents apiece).
What is inflation?
300
A check in which someone signs their check over to another person.
What is a third-party check?
300
A check that doesn't clear because there are insufficient funds.
What is a "bad" check?
300
"Electronic checks" that can only be used for purchase once the amount in one's checking account has been verified.
What are debit cards?
300
A check that is sold by a bank or other financial institution and draws money from its account after you have paid for it.
What is a money order?
400
The organization that insures depositors money up to $250,000.
What is the Federal Deposit Insurance Corporation (FDIC)?
400
Writing a check for more money than you have in your account.
What is overdrawing?
400
Checks that have been cleared and paid out by the bank.
What are canceled checks?
400
When your paycheck amount is sent directly to your bank account, allowing one to avoid a trip to the bank.
What is direct deposit?
400
A bank's check that is signed by the bank's teller; payment comes from the bank's own money once you have purchased the check and paid a fee.
What is a cashier's check?
500
A bank's main source of income.
What is interest?
500
The number found at the bottom of a check that identifies your bank, your account and your check number.
What is the routing number?
500
The process of comparing your check register to the bank statement to make sure neither you nor the bank have made an error; another word for "balancing" your account.
What is reconciling?
500
When amounts of money are taken out of your account at a designated time every month in order to pay your bills.
What is an automatic withdrawal?
500
A personal check that a bank officer verifies and stamps to ensure the amount is available to cover the check.