a check dated later than the date on which it is written
What is a "Postdated Check"?
100
a savings account designed specifically for educational expenses
What is a "529 Savings Account"?
100
to take money out of a bank account
What is to "Withdraw"?
200
An account such as an IRA and 401(k) that helps you set aside money for retirement
What is a "Retirement Account"?
200
bank account from which money may be drawn at any time
What is a "Current Account"?
200
used for verification of the ownership of an account
What is a "Signature Card"?
200
a loan in which you are the lender and the government is the borrower
What is a "Bond"?
200
A record of transactions in a bank account
What is a "Statement" or "Bank Statement"?
300
Savings certificate issued by a bank or credit union
What is a "Certificate of Deposit"? or CD
300
money paid for the use of the money being loaned out or saved in a particular account
What is "Interest"?
300
an endorsement that restricts what can happen to the check. It states "For Deposit Only."
What is a "Restrictive Endorsement"?
300
a deposit account that earns interest and is issued by a bank or credit union
What is a "Savings Account"?
300
an account that has only one holder
What is an "Individual Account"?
400
A card which allows customers to access their funds immediately, electronically.
What is a "Debit card"?
400
deficit in a bank account caused by withdrawing more money that in paid in
What is an "Overdraft"?
400
Attached to each check and used for recording the balance of the account, the amount of each check written, to whom the check is written, deposits and bank charges.
What is a "Check Stub"?
400
What does the acronym "IRA" stand for
What is "Individual Retirement Account"?
400
a statement showing how the checkbook balance and the bank statement were brought into agreement
What is a "Bank Reconciliation" form?
500
A type of checking and savings account issued by a bank or credit union to hold your money
What is a "Money Market Account"?
500
person to whom money is paid
What is a "Payee" or "Drawee"?
500
an account held between two or more individuals and grants each person who signs the signature
What is a "Joint account"?
500
a statement showing how the checkbook balance and the bank statement were brought into agreement