| Definition |
Term |
| Person does this monthly to make sure the account is in balance | Reconcile |
| An account owner must do this in order to approve a check to be deposited into their account | Endorse |
| Number required to access to an account at an ATM | PIN |
| A card which can be used like a credit card but uses money from the account owner's checking account | Debit card |
| Place to immediately record all transactions | Register |
| Type of slip accompanying money when put into an account | Deposit |
| Type of endorsement allowing for deposit only | Restrictive |
| Writing a check for more than the balance in your account; a bounced check | Overdraft |
| Bouncing a check can damage this | Credit report |
| Type of card kept at the financial institution once the account is opened which is used for a reference to prevent fraud | Signature card |
| Check is considered this if it has not yet cleared the financial institution | Outstanding |
| Information about an account mailed each month | Statement |
| Type of endorsement used when signing a check over to a second party | Special |
| The person/institution to whom the check is written | Payee |
| Type of charge to use an ATM not owned by the account owner's financial institution | Fee |
| Don't forget to subtract the amount the bank charges for handling your account from your register | Service charge |
| The amount of money in your account when the statement is sent out | New balance |
| Another name for a checking account | Demand deposit |
| A personal check that has been stamped as guaranteed by the bank | Certified check |
| Anyone can cash a check with this type of endorsement | Blank |
| A payment system in which bills are paid through direct withdrawal | Automatic |
| A check paid and subtracted from the payer's account | Canceled/cleared |
| A request made to a bank to not pay a specified check | Stop payment |
| Amount bank pays if written and numerical amounts do not match | Written |
| Earnings are automatically deposited into customer's account | Direct deposit |
| Transaction that deducts money from payer's account | Withdrawal |
| A written document instructing a bank to pay money from payer's account | Check |
Beef Production
