Chapter 5: The Banking System

A demand deposit account on which checks are drawn.

• checking account

• savings account

• bank account

• debit card

A written order to a bank to pay a stated amount to a person.

• deposit slip

• debit card

• check

• withdrawal

A tool used to track checking account transactions.

• bank reconciliation

• checkbook register

• debit card

• check

Money added to a checking account.

• deposit

• check

• ATM card

• debit card

Taking money from your account.

• deposit

• endorsement

• check register

• withdrawal

A check written with a date that will occur in the future.

• postdated check

• checking account

• check endorsement

• paycheck

A card used to withdrawal or deduct money from your checking account.

• check

• credit card

• debit card

• check card

A signature written on the back of a check.

• electronic deposit

• deposit

• check register

• endorsement

The use of a computer-based system to move funds from the drawer's account to the payee's account.

• bank reconciliation

• electronic funds transfer

• endorsement

• ATM

The process of adjusting checkbook and bank balances so that they agree.

• bank endorsement

• check register

• bank reconciliation

• electronic funds transfer