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Vocab 1
Vocab 2
Vocab 3
Vocab 4
Vocab 5
100
A banking service in which a customer deposits money and writes checks to withdraw at his or her convenience
What is a checking account?
100
This endorsement requires two signatures
What is joint?
100
A check that has been processed by the bank and been subtracted from your account balance
What is canceled?
100
The act of writing a check knowing there are not enough funds in your account
What is floating?
100
An endorsement signing a check over to a third party
What is special?
200
An account on which the depositor can withdraw money at any time is known as
What is demand deposit?
200
Paper money in the form of dollar bills, fives, tens, and so on
What is currency?
200
The endorsement when only the payee signs the back of a check
What is blank?
200
A check gauranteed by the bank
What is certified?
200
How long until a check is no longer good?
What is 6 months?
300
This occurs when a depositor writes a check on an account that is insufficient to cover a check
What is overdraft?
300
An endorsement such as "For Deposit Only" that limits the negotiability of a check
What is restrictive?
300
A check drawn against the banks own funds
What is cashiers?
300
This is a safe place to keep stocks, bonds, deeds, and other important documents and valuable items.
What is a safe deposit box?
400
The person to whom a check is made payable too
What is payee?
400
Written record of checks and deposits on an account used to balance the account
What is checkbook register?
400
These cards provide immediate deduction from your checking account when you make a purchase
What is debit?
400
the process of matching your checkbook register with the bank statement
What is reconciliation?
400
The average amount of an insufficient funds fee
What is $35?
500
The person authorized to to write checks on an account
What is drawer/maker?
500
The amount of insurance that the FDIC will insure someone up to
What is $250,000?
500
A checking account at a credit union is called
What is share account?
500
A request to a bank not to cash a check
What is stop payment order?
500
What does EFT stand for?
What is electronic funds transfer?