All Things Paper Money (not cash)
A written order to the bank that tells it to take a stated amount of money from your
account and pay it to another.
Check
Any activity or business carried on with a bank such as withdraws and deposits.
Transaction
To "balance" your checking account with your monthly statement from the bank.
Reconcile
A plastic card that enables you to do ATM transactions and to make purchases instead of using cash or writing a check. This comes from your checking account.
Debit Card
Your employer automatically deposits your paycheck into your account.
Direct Deposit
A check that has been returned to payer after the payment has been subtracted from the
account balance by the bank. It may not be used again.
Cancelled Check
To write a check or make a withdrawal when there isn't enough money in the account to
pay for it.
Overdraw
A card used when opening a new account that includes name, address, birthdate, etc.
Signature Card
A card that allows the holder to make purchases without cash by borrowing money.
Credit Card
To sign the back of a check made out to you so it can be cashed or deposited.
Endorse
A business that cashes checks, giving the customer cash in exchange for a fee for the service.
Check Cashing Store
Money you put into your account.
Deposit
The bank's accounting of your transactions.
Bank Statement
A card that is loaded with a specific cash amount before you use it but then looks and
works like a credit card until the full value is spent.
Prepaid Card
An online process that allows you to send money directly from your checking account to
a friend via email or cell phone.
Person to Person Payment
A check that has been written but not yet deducted from the person's bank account.
Outstanding Check
The amount of money you have in your bank account.
Balance
A handy portfolio that holds important information deposit slips, receipts, and other ATM/debit card transactions.
Checkbook
Allows a customer to get out physical currency from their account
ATM
A sum of money deposited into an account. You can use a credit to charge merchandise
or borrow money.
Credit
To write a future date on a check.
Post Date
A form you fill out to credit money to your account when you make a deposit.
Deposit Slip
The total amount paid for specific transactions, amount determined by banks and credit
unions
Finance Charge
A fee paid to you for keeping your money in the account or a fee charged to you for a loan
or credit card.
Interest
The person to whom the check is made payable. "Pay to the order of..."
Payee