Check Commanders
A check marked VOID across it, making it non-negotiable.
Voided Check
To write a check or make a withdrawal when there is not enough money in the account.
Overdraw
The Personal Identification Number needed to use an ATM card.
PIN
A fee paid to you for keeping money in an account, or charged to you for a loan or credit card.
Interest
Proof that you paid for an item or service.
Receipt
To write a future date on a check.
Post-date
To balance a checking account with the monthly statement from the bank.
Reconcile
A card loaded with a specific amount before use that works like a credit card until its value is spent.
Prepaid Card
The monthly record of your account transactions sent by your bank.
Statement
Money regularly given to a young person, often for personal spending or responsibilities.
Allowance
The person to whom a check is made payable.
Payee
A deposit made but not yet added to the account.
Outstanding Deposit
An online process that sends money directly from a checking account to a friend through email or a cell phone.
Person to Person Payment
A savings account requiring a minimum balance that earns interest that can vary from month to month.
Money Market Account
The amount returned after you pay more than the price of an item.
Change
The signature of the payee, or the person to whom a check was written.
Endorsement
A check written but not yet deducted from the account.
Outstanding Check
A request that a bank or financial institution not process a particular check.
Stop Payment Order
The percentage increase in the value of your savings from earned interest.
Rate of Return
A paper or digital offer that reduces the price of an item or service.
Coupon
A card used when opening an account that includes information such as name, address, and birthdate.
Signature Card
An automatic loan made to an account when the balance will not cover checks written.
Overdraft Protection
A debit-card purchase of a good or service at a retail store, restaurant, or elsewhere.
Point of Sale Transaction
A financial institution that traditionally specialized in savings accounts and mortgage loans.
Savings and Loan Association
Extra money given to show appreciation for a service.
Tip