Writing a check and hoping to deposit money to cover it before it clears
What is floating a check
100
Checking accounts at credit unions are called
What is share accounts
100
A personal check that the bank guarantees or certifies to be good
What is certified check
100
Place at your bank to store valuable items or documents
What is safe deposit box
100
A ______ endorsement is the signature of a payee written exactly as his or her name appears on the front of the check.
What is blank endorsement
200
A check that has cleared your account.
What is canceled check
200
This type of checking account has no service fees.
What is free checking account
200
Similar to a check, a banks see these to people who do not wish to use cash or do not have a checking account
What is money order
200
A bank service that covers checks even if you have insufficient funds in your checking account.
What is overdraft protection
200
A checking account is also called a ______, because money may be withdrawn at any time.
What is demand deposit
300
Booklet used to record checking account transactions.
What is checkbook register
300
This type of checking account has a small or no monthly service fee and no per check fee
What is standard account
300
A person or institution that manages proper for the benefit of someone else under a special agreement is called.
What is trustee
300
Is a request that a bank not honor a specific check
What is stop payment order
300
Which part of a check provides a place for you to write the purpose of the check?
What is memo line
400
Matching your checkbook register with the bank statement is known as
What is bank reconciliation
400
This account is an interest bearing checking account that pays a higher rate of interest, but it usually has more restrictions.
What is money market account
400
Verifies a person's identity, and then witnesses the person's signature on a legal document.
What is notary public
400
A ________ card deducts money from your checking account. You would use it to withdraw money from an ______ machine.
What is debit, ATM
400
The person authorized to write checks on an account
What is drawer/maker.
500
Many banks no longer send paper checks to other banks for processing. To make processing faster and more efficient, they exchange check information electronically by transmitting an image of the check called a __________.
What is substitute check.
500
Another name for a joint checking account
What is survivorship account
500
A cahier's check also called a ________, is a check written by a bank on it own funds.
What is bank draft
500
A ________ bank is one that offers every possible kind of service from savings and checking accounts to credit cards, loans, and ATMs.
What is full service bank
500
A ________ endorsement transfers the right to cash the check to someone else.