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Banking
Stack #106355
Definition | Term |
---|---|
Person does this monthly to make sure the account is in balance | Reconcile |
An account owner must do this in order to approve a check to be deposited into their account | Endorse |
Number required to access to an account at an ATM | PIN |
A card which can be used like a credit card but uses money from the account owner's checking account | Debit card |
Place to immediately record all transactions | Register |
Type of slip accompanying money when put into an account | Deposit |
Type of endorsement allowing for deposit only | Restrictive |
Writing a check for more than the balance in your account; a bounced check | Overdraft |
Bouncing a check can damage this | Credit report |
Type of card kept at the financial institution once the account is opened which is used for a reference to prevent fraud | Signature card |
Check is considered this if it has not yet cleared the financial institution | Outstanding |
Information about an account mailed each month | Statement |
Type of endorsement used when signing a check over to a second party | Special |
The person/institution to whom the check is written | Payee |
Type of charge to use an ATM not owned by the account owner's financial institution | Fee |
Don't forget to subtract the amount the bank charges for handling your account from your register | Service charge |
The amount of money in your account when the statement is sent out | New balance |
Another name for a checking account | Demand deposit |
A personal check that has been stamped as guaranteed by the bank | Certified check |
Anyone can cash a check with this type of endorsement | Blank |
A payment system in which bills are paid through direct withdrawal | Automatic |
A check paid and subtracted from the payer's account | Canceled/cleared |
A request made to a bank to not pay a specified check | Stop payment |
Amount bank pays if written and numerical amounts do not match | Written |
Earnings are automatically deposited into customer's account | Direct deposit |
Transaction that deducts money from payer's account | Withdrawal |
A written document instructing a bank to pay money from payer's account | Check |