Check it Out
A written order directing a bank or other financial institution to pay money on demand to the person or company named on it.
What is a check?
A checking account designed for customers who write a few checks each month and do not keep a minimum amount of money in the account.
What is a regular checking account?
The service a bank offers to keep you from paying a fee when the checking account becomes negative.
What is overdraft protection?
The person the check is written to.
Who is the Payee?
The checkbook log in which an account holder records checking account transactions.
What is a checkbook register?
The monthly form that comes from the bank showing your banking activity.
What is a bank statement?
A driver's license, or other form of photo ID, Social Security number, Address, phone number and security question as well as money to deposit.
What is needed to open a checking account.
A checking account owned by two or more people.
What is a joint checking account?
An order for a bank not to cash a particular check.
What is a stop payment?
The person writing the check and has ownership of the account.
Who is the drawer?
The signature on the back of a check when you deposit it or cash it.
What is an endorsement?
What is an outstanding check?
The person or business to whom the check was written.
Who is the payee?
A checking account that earns interest on the balance for the depositor.
What is an interest bearing account.
Similar to a credit card except that funds are taken out of the checking account immediately.
What is a debit card?
The financial institution where the drawer has the account.
The date, the payee, the dollar amount, and the signature.
What are the items on a check?