Pay Stub
These are the taxes taken out of your paycheck.
What is Deductions?
This type of account is used for long-term financial goals.
What is Savings Account?
An example of a bank would be this:
What is M&T Bank, Chase Bank, Key Bank, Bank of America...etc.
This is a machine that is used to deposit or withdraw money from your account.
What is ATM?
This type of endorsement is used when you want to cash a check or deposit it into your account. Most unsafe endorsement.
What is Blank Endorsement?
This is the amount of money you take home.
What is Net Pay?
When you use this account, you can write checks, deposit money, and send money electronically.
What is a Checking Account?
This financial institution is operates strictly for profit.
What is a Bank?
This is the number one way banks make money.
What is Interest?
This is located in the back of your checkbook and it keeps track of all the activity you do with your checking account.
What is Checkbook Register?
This is the total amount of earnings and deductions up until this current point.
What is YTD Earnings and Deductions?
This type of Savings Account typically provides you with the lowest interest rate.
What is Traditional Savings Account?
This is a financial institution owned by stockholders.
What is a Bank?
This type of endorsement is when you want to sign the check over to another person.
What is Special Endorsement?
This type of endorsement is when you specifically want to deposit a check. Safest endorsement.
What is Restrictive Endorsement?
This is when someone gets a paycheck once every two weeks.
What is Bi-Weekly pay?
This is when your check from your job automatically gets put into your checking accounts.
What is Direct Deposit?
A financial institution owned by its members.
What is Credit Union?
What is Outstanding Check?
This is a type of fee a bank charges you just to do business with that bank.
What is a Service Fee?
When an employee gets two paychecks a month on the same days of the month they are getting paid on this basis:
What is Semi-Monthly?
This type of Savings Account requires you to keep money in it for a set amount of time.
What is Certificate of Deposit?
An example of a Credit Union would be this:
What is ESL, Xerox Federal CU, Summit CU...etc.
This type of fee is when you try to withdrawal more money than what is in your checking account.
What is Overdraft Fee?
This is the process of making sure your check register matches up with your bank statement.
What is Reconciliation?