Checks
Used to deposit money into your bank account.
What is a deposit slip?
A fee charged to you by some banks each month for maintaining you account
What is a maintenance fee?
The amount of money in a bank account.
What is a balance?
Automated Teller Machine (a machine from which you can take money out of your bank account using a card.)
What is an ATM?
Money used instead of checks or credit cards.
What is cash?
To exchange a check for cash.
What is cashing a check or a transaction?
the total amount deposited on your bank slip before you have your final total. It is before "less cash received."
What is the sub total?
A bank account that you can take money from at any time and which usually earns little or no interest.
What is a checking account?
Another name for a signature at the bottom of a check
What in an endorsement?
A small plastic card which can be used as a method of payment, the money being taken from you at a later time.
What is a credit card?
A book of checks with your name printed on them which is given to you by your bank to make payments with.
What is a checkbook?
The statement you receive from your bank at the end of each month or cycle.
What is a bank statement?
Your Personal Identification Number used at an ATM machine
What is your PIN?
Money which is charged by a bank or other financial organization for borrowing money.
What is interest?
Money, which is owed to someone else, or the state of owing something.
What is debt?
A printed form, used instead of money, to make payments from your bank account.
What is a check?
To put money into a bank account.
What is a deposit?
(A record of) money taken out of a bank account.
What is debit?
A person who money is paid to or should be paid to.
Who is the payee?
Another name for the account owner of a check.
What is the drawer?
This is offered by your bank to protect you if you write a check and do not have enough money in your account to cover it.
What is overdraft protection
To take money out of a bank account.
What is a withdraw?
Taking more money out of your account than you actually have in it.
What is an overdraft?
A bank account in which you usually leave money for a long time and which pays you interest.
What is a savings account?
A sum of money which is borrowed, often from a bank, and has to be paid back, usually together with an additional amount of money (interest) that you have to pay as a charge for borrowing.
What is a loan?