CHECKING
endorse
to sign
PIN
personal ID number
why should a PIN/PW be hard to guess?
ID THEFT
why is it important to RECONCILE your bank statements
to avoid OVERDRAFTS!
what is the main security issue with writing checks to people?
ROUTING/ACCOUNT #s, personal info
credit union
credit union is a type of fi nancial institution that provides many of the same services as banks but is owned by its members.
certified check
is a written order for payment of funds from a bank account for which the bank guarantees payment.
cashier’s check
is a written order for payment of funds drawn by a bank on its own funds.
money order
is a document that authorizes payment of a certain amount of money to a certain party.
Traveler’s checks
are checks purchased in common denominations that are replaceable if lost or stolen.