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Banking Words

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Term
Definition
Balance   the amount of money in a checking account  
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Canceled Check   a check the bank has marked "paid" to show that it can not be used again.  
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Checking Account   a banking plan that lets you pay bills - money for everyday spending  
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Minimum Balance   the lowest amount of money in your checking account  
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Service Charge   a fee you pay the bank for aking care of of your money  
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Balance forwarded   balance form the page before in a check register.  
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Check register   a book to keep track of the check you write, deposits you make and ATM withdrawls and other transcations  
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Check Stub   the part of the check that tells about the check  
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Bank statement   a form the bank sends out each month listing all the transacations made that month  
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Beginning balance   the balance in a bank account at the befinning of the time the bank statement covers  
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Closing date   the date the bank sattement is made out by the bank, the date of the last transaction on that statement  
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Ending balance   the balance in a bank account at the end of the time the bank statement covers  
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Outstanding check   a check you have written that has not yet cleared the bank  
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