Electronic Banking
Electronic access to bank accounts and cash.
What is electronic banking?
Space to identify reason for writing check.
What is a memo?
The label put in the number column when making a deposit.
What is "DEP"?
Where you check to make sure transactions have been cleared.
What is a bank statement?
A banking service to get cash fast.
What is an ATM?
24 hour access and convenience.
What is a pro of e-banking?
The name of person or business to whom the check is written.
What is pay to the order of?
The label put in the description of transaction column.
What is the person/business check was written to or where ATM/debit card was used?
Prevents having to paying fees when overdraft occurs.
What is overdraft protection?
Can be used at ATM's to receive cash connected to a persons bank account.
What is a debit card?
Technology and service interruptions.
What is a con of e-banking?
The account holders name in cursive on the bottom right hand corner of check.
What signature?
The new balance in the account after deduction or credit.
What is remaining balance?
Sum of all uncleared deposits.
Authorized bills to be payed by a specific bank account.
What is direct payment?
People can make withdrawals, deposit money, and pay bills.
What's a pro of Electronic Fund Transfer?
Number used to identify check in top right corner.
What is a check number?
What is the debit column used for?
Sum of withdrawals not cleared.
What is total outstanding withdrawals?
Fixed and flexible expenses that direct payment can be used.
What is mortgage, vehicle payments, and phone bill?
Fees of 3-10 dollars per month.
What's a con of Electronic Funds Transfer?
A line extended to end of space.
What is needed on the amount of check numerals line?
Place to record money added to account.
What is the credit column used for?
Something to consider when choosing a checking account.
What is price of overdraft protection?
Allows customer to use debit card to make purchase located in a store.