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Personal Finance Matching
Reconcile
To "balance" your checking account with your monthly statement from the bank.
Statement
The monthly record of your account transactions sent to you by your bank.
Overdraw
To write a check or make a withdrawal when there isn't enough money in the account to pay for it.
Check register
A record that allows you to keep track of checks you have written, ATM/debit card transactions, as well as deposits and withdrawals.
Interest
A fee paid to you for keeping your money in the account or a fee charged to you for a loan or credit card.
Debit
A sum of money deducted from your account.
Debit card
A plastic card that enables you to do ATM transactions and to make purchases instead of using cash or writing a check.
Pin
Personal Identification Number needed to use an ATM card.
Signature card
A card used when opening a new account that includes name, address, birth date, etc.
Outstanding deposit
A deposit that has been made but not yet added to the person's bank account.
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Created by: Audrey C.