Checking Accounts
Institution that recieves, lends, borrows, exchanges, issues, and safeguards money
A bank
A written order instructing a bank to pay money from a checking account
A check
A type of card that is only used to withdraw money from your account at an automated teller machine
An ATM card
A system of money including coins and paper money
Currency
To take money out of an account is called
A withdraw
A written form instructing a bank to put money into an account. This form includes the account holders name, account number, and the amounts of checks, cash, and coins being put into the account
A deposit slip
A type of card that can be used to withdraw money from an ATM, but is also used to make purchases withdrawing money from your account.
A debit card
An itemized list of predicted income and expenses over a period of time, sometimes called a spending plan.
A budget
An account in which money is deposited and is used to save for long term goals. This type of account earns interest from the bank.
A savings account
A record showing the check number, person to whom the check is paid, amount of the check, the date, and the balance of your checking account
A checkbook register
A type of card that allows you to pay later.Purchases can be made with this card throughout the month and a bill for the total amount of purchases must be paid at the end of each month.
A credit card
A printed statement sometimes issued by the bank of the balance in a bank account and all of the transactions during that monthly period.
A bank statement
Money borrowed by an induvidual or a business to be paid back with interest.
A bank loan
A method of payment where a paying party, such as an empolyer or government agency, electronically transfers a payment in cash from its bank account into the bank account of a payee
A direct deposit
Money that can be earned in a savings account or charged to credit card users.
Interest
A method of banking in which transactions are conducted electronically via the interenet
Online banking
The signature on the back of a check that allows it to be cashed
An endorsement
A check written for a larger amount than the balance in the checking account. Or a purchase made with a debit card for a larger amount than the balance in the checking account.
An overdraft
The numbers written in the check # column on a checkbook register when recording a debit card purchase.
The letters D.C
A type of investment purchased from the bank for a specific amount of money at a fixed rate of interest
Certificate of deposit or CD