Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Checking Account

Key Terms used for Banking

TermDefinition
check a written order used to tell a bank to pay money (transfer funds) from an account to the check holder
electronic funds transfer (EFT) the process of moving funds electronically from an account in one bank to an account in another bank
payee the receiver of the transferred funds
drawer the account owner of the check
check clearing A checking account needs to have enough money in it to cover the amount of a check in order for the check to be paid by the bank.
deposit slip used to make deposits.
direct deposit used to deposit payroll or government checks directly into an account.
automated teller machine (ATM) provides 24-hour access to banking services such as deposits and withdrawals.
personal identification number (PIN) used with a bank card to access funds via ATM.
Hold put on the account in the amount of the cash received.
Endorse payee must endorse the check either in writing, by stamp, or electronically.
Canceled once the money has cleared the depositor’s account and it is paid to the payee, the check is said to be cancelled.
insufficient funds when a check is written for an amount that cannot be paid out of the account, the check is returned, or dishonored.
overdraft protection plans that pay a check even though there are not enough funds in the account.
Interest pay a percentage of the money in the account over a given period of time.
single account Bank accounts can be owned by an individual or a group of individuals or a business. In a single account, only one person can make withdrawals. These are also called individual or sole owner accounts.
joint account An account that has more than one person listed as the owner is a joint account. Any person listed on a joint account can make withdrawals
check register a record of all transactions in your checking account, including checks written, deposits made, fees paid, ATM withdrawals, and so on.
Debits Money taken (withdrawal) from the checking account
credits Money put into (deposits) the checking account
Created by: Ms. Tatano
Popular Finance sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards