Checking Vocabulary

any activity or business carried on with a bank such as withdrawals and deposits

• transaction

• cancelled check

• check

a check that has been returned to payer after the payment has been subtracted from the account balance by the bank; it may not be used again

• outstanding check

• cancelled check

• debit

a card used when opening a new account that inclues name, address, birthdate, etc

• credit

• debit card

• signature card

a written order to the bank that tells it to take a state amount of money from your account and pay it to someone else

• check

• outstanding check

• signature card

a fee paid to you for keeping your money in the account or a fee charged to you for a loan or credit card.

• credit

• interest

• debit

a business that cashes checks, giving the customer cash in exchange for a fee for the service

• ATM

• Bank

• Check Cashing Store

to balance your checking account with your monthly statement from the bank

• credit

• reconcile

• bank statement

a sum of money deposited into an account; you can use this credit to charge merchandise or borrow money

• debit

• ATM

• credit

allows a customer to get out physical currency from their account

• transaction

• ATM

• signature card

insuring deposits in the US banks against bank failure

• deposit

• debit

• FDIC (Federal Deposit Insurance Corporation)