CHECKING
The amount of money you have in your bank account
Balance
Checks the bank has paid. They will appear on your bank statement.
Canceled Check
A written order to the bank that tells it to take a stated amount of money from your account and pay it to another
Check
A handy portfolio that holds your check register, checks, deposit slips, receipts, and other ATM/debit card transactions.
Checkbook
A record that allows you to keep track of checks you have written, ATM/debit card transactions, as well as deposits and withdrawals.
Check register
A sum of money deposited INTO an account. You can use a credit to charge merchandise or borrow money.
Credit
A sum of money deducted from your account.
Debit
A plastic card that enables you to do ATM transactions and to make purchases instead of using cash or writing a check.
Debit card
Money you put into your account.
Deposit
A form you fill out to credit money to your account when you make a deposit.
Deposit slip
Your employer automatically deposits your paycheck into your account.
Direct Deposit
To sign the back of a check made out to you so it can be cashed or deposited.
Endorse
A fee paid to you for keeping your money in the account or a fee charged to you for a loan or credit card
Interest
To write a check or make a withdrawal when there isn't enough money in the account to pay for it.
Overdraw
To write a future date on a check
Post-date
To "balance" your checking account with your monthly statement from the bank.
Reconcile
The bank's accounting of your transactions
Bank Statement
A check with "VOID" written across it makes it non-negotiable.
Voided check
The monthly record of your account transactions sent to you by your bank
Statement
A card used when opening a new account that includes name, address, birthdate, etc.
Signature card
The person to whom the check is made payable.
Payee
A check that has been written but not yet deducted from the person's bank account.
Outstanding Check
A deposit that has been made but not yet added to the person's bank account.
Outstanding deposit
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.
Prepaid card
An online process that allows you to send money directly from your checking account to a friend via email or cell phone
Person to person payment