Banking Terms
What you need to do to put money in your account
What is Deposit, Deposit Slip, or Mobile Deposit
You would use this account to write checks and withdraw money.
What is a checking account.
To make one account consistent with another, especially by allowing for transactions begun but not yet complete.
What is reconciliation or to reconcile?
What is the difference between interest for a savings account VS interest for a loan.
Interest on a savings account is paid to you, Interest for a loan is paid to the lender.
What part of the check do you write the date on?
top right corner
Keeping accurate records of the amount of money in your bank account is important. How can you maintain accurate records…
What is balancing your checkbook or reconciling your account each month.
On a check, you write the name of the person or company you want to pay on this line.
What is "Pay to the Order of"
This written on a check indicates that the check should not be accepted for payment. However, the check can still be used to get information needed for electronic payments.
What is the term VOID?
If you want an account to save you money, what account fits?
Savings account
What is the check number for?
To keep track of what check you wrote to who
Something you pay when you borrow money
What is Interest
This is the amount of money you have in your account.
What is my balance.
A place of employment might give you the option to put the money you earned (or your paycheck) right into your bank account. This is called.....
What is direct deposit?
What kind of accounts can you lock your moneny in to get better interest?
Certificates (CD's)
Where you write what you were buying with the check, or the account number
What is Memo
When you take money out of your Checking Account
What is Withdrawal
"Deposit" "Withdraw" and "Pay Bills" are examples of this.
What is "TRANSACTION".
When money is carried from one balance to another.
What is a balance forward?
WHat is currency
paper money
The place on the check where you sign your name
Bottom right
A card used that deducts money immediately from your checking account
What is Debit Card
A tool to help a person keep their transactions and deposits straight by recording every withdrawal, debit, and deposit.
What is a check register?
What is an automated teller machine commonly known as?
ATM
a type of money that is not currency or check.
What is change or coins
When endorsing a check, what do you do?
What is sign the back?