Checks
When a check cannot be paid or accepted by a bank because of a lack of money in the account.
What is bounce?
An arrangement for making payments, usually to an organization, in which your bank moves money from your account into the organization's account at regular times.
What is direct debit?
The amount of money in a bank account.
What is a balance?
Automated Teller Machine (a machine from which you can take money out of your bank account using a card.)
What is an ATM?
Money in the form of notes and coins instead of checks or credit cards.
What is cash?
To exchange a check for cash.
What is cashing a check?
Sums of money paid by a customer for a bank's services.
What are bank charges?
A bank account that you can take money from at any time and which usually earns little or no interest.
What is a checking account?
A piece of paper that you buy form a bank or a travel company and that you can use as money or exchange for local money of the country you visit.
What are traveler's checks?
A small plastic card which can be used as a method of payment, the money being taken from you at a later time.
A book of checks with your name printed on them which is given to you by your bank to make payments with.
What is a checkbook?
A printed record of the money put into and removed from a bank account.
What is a bank statement?
Actual money in your bank account (not balance)
What is credit?
Money which is charged by a bank or other financial organization for borrowing money.
What is interest?
Money, which is owed to someone else, or the state of owing something.
What is debt?
A printed form, used instead of money, to make payments from your bank account.
What is a check?
To put money into a bank account.
What is a deposit?
(A record of) money taken out of a bank account.
What is debit?
A person who money is paid to or should be paid to.
When you spend or use money.
What is expense?
NSF (when a check gets returned to the bank because there is not enough money to cover the amount of the check.)
What are Non Sufficient Funds
What is a withdraw?
The act of overdrawing a bank account.
What is an overdraft?
A bank account in which you usually leave money for a long time and which pays you interest.
What is a savings account?
A sum of money which is borrowed, often from a bank, and has to be paid back, usually together with an additional amount of money (interest) that you have to pay as a charge for borrowing.
What is a loan?