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Checking Accounts
Term | Definition |
---|---|
Federal Reserve | the central banking system of the United States |
Credit Union | a bank that is privately owned and controlled by its members |
Routing Number | the first range of numbers in the series of numbers at the bottom of a check |
ATM | a bank machine that gives out cash from your account and accepts deposits |
Check | a debit against your checking account written on a paper form |
Debit Card | a card that is directly attached to a checking account |
Direct Deposit | an automatic deposit of a paycheck |
Overdrafts | amounts withdrawn from your account beyond the money the account holds |