| A | B |
|---|
| Commercial Bank | Often called full-service banks because they offer a wide range of financial services. |
| FDIC | Federal Agency that helps regulate banks and other financial institutions. Protects Depositors money. |
| Credit Union | Not-for-profict. Commonly formed by people in the same company, labor union, or agency. |
| Interest | The amount paid for the use of money. |
| EFT (Electronic Funds Transfer) | A system through which funds are moved electronically from one account to another. |
| Signatrue Card | An official record of your signature. Asked to fill this out when opening an account at a bank. |
| Deposit Slip | A form you fill out when you are depositing currency, coins, or checks. |
| Endorsement | Written evidence that you received payment or that you transferred your right of receiving payment to someone else. |
| Blank Endorsement | An endorsement that consists of only our name. |
| Restrictive Endorsement | Limits the use of the check to the purpose given in the endorsement |
| Check Register | A form for recording deposits and checks. |
| Check Stub | Keeps a record of checks that are written. |
| Payee | The person to whom the check is written |
| Drawer | The owner of the account and the person who signs the check. |
| Drawee | The bank or financial institution that pays the check. |
| Overdraw | Writing a check for more than you have in your account. |
| Federal Reserve System | Supervises and regulates banks. National banks belong to this. |
| Traveler's Check | Used when traveling. Must be signed twice by the purchaser. |
| Telegraphic Money Order | A message directing an office to pay a certain some of money. Expensive! |
| Certified Check | A personal check for which a bank has guranteed payment. |
