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consumer

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Question
Answer
*ABA Number   American Bankers Association. To route your check back to your bank. Another name for the routing number.  
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Bank Reconcilationa   The process of matching your checkbook register with the banks statement.  
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*Bank Endorsement    
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Canceled Check   A check that has cleared your account.  
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Certified Check   A personal check that the bank guarantees or certifies to be good.  
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Checkbook Register   A booklet used to record checking account transactions.  
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Debit Card   A bank card that deducts money from a checking account almost immediately to pay for purchases.  
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Demand Deposit   A type of bank account from which money may be withdrawn at any time.  
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Electronic Funds Transfer   A computer-based system that enables you to move money from one account to another without writing a check or exchanging cash.  
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*FDIC   Federal Deposit Insurance Corporation.  
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Notary Public   A person who verifies a person's identity, witness the persons signature on a legal document, and then "notarize"the signature as valid.  
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*Payee   a person to whom money is paid or is to be paid, especially the person to whom a check is made payable.  
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Safe Deposit Box   A place at your bank available to store valuable items or documents.  
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*Special Endorcement   Is an endorsement that transfers the right to cash the check to someone.  
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*Stop Payment Order   Is a request that cancels a check or payment that has not been processed yet.  
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*Check   A check is a written order to a bank to pay the amount stated to the person or business named on it.  
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