Cards
a plastic card that enables you to do ATM transactions and make purchases instead of using cash or writing checks
Debit card
a written order to the bank that tells it to take a stated amount of money from your bank account and pay it to another.
check
The amount of money you have in your bank account
balance
A sum of money deposited into an account. You can use it to charge merchandise or borrow money.
Credit
A buisness that cashes checks, gives the customer cash in exchange for a fee for the service.
check cashing store
a card that allows the holder to make purchases without cash by borrowing money
credit card
Check with "void" written on it makes it non-negotiable.
Voided Check
To write a check or make a withdrawl when there isnt enough money in your account
overdraw
The person to whom the checkis made payable.
Payee
Automatic Teller Machine
ATM
personal identification number
PIN
A portolio that holds your check register, checks, deposits slips, receipts, and ATM/debit card transaction.
Checkbook
The monthly record of your account transactions sent to you by your bank
Bank statement
A fee paid to yuou for keeping your money in the account or a fee charged to you for a loan or credit card.
Interest
A from you fill out to credit monmey to your account when you make a deposit
Statement
a card used when opening a new account that includes your personal information
signature card
Checks the bank has paid. They will appear on your bank statement.
Cancelled check
a check that has been written but not yet deducted from the persons bank account
Outstanding check
Money you put into the bank.
Deposit
WHat is the mathematical formula used to show financial activity on a bank statement
ending blanace=previous balance+deposit-withdraw-fees
a card that is loaded with a specific amount before you use it but then oit looks and works like a credit card until the full value is spent
prepaid card
To balance your checkbook with your monthly statement from the bank
Reconcile
A deposit that has been made but not yet added to the persons bank account statement
Outstanding deposit
Your employer automatically deposits your paycheck into your account.
A record that allows you to keep track of your checks you have written. ATM/debit card transactions, as well deposits adn wihdrawls.
Check Register