click below
click below
Normal Size Small Size show me how
Chapter 4
Flash cards
Term | Definition |
---|---|
Deposit | Checks, currency, or coins put into a bank account |
Direct deposit | Deposit electronically from employers checking account to yours |
ATM | Performs basic banking functions |
PIN | Allows you to access your bank account and deposit checks |
Checking account | Deposit checks and currency into this account |
Check | A paper document directing a bank to deduct money from your checking account to make a payment |
Check register | Keeps record of your deposits, electronic transfers, checks you have written and any ATM transactions |
Balance | Amount of money in your account |
Bank statement | All of the activity in your account since your last statement |
Service charge | A charge for services that bank rendered to your statement |
Reconcile | Compare with your check register to be sure they coincide |
Online banking | Internet banking, allows you to bank from anywhere |