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terms and definitions

AB
tellerthe person in a bank who receves or pays out money.
bank officerusually this is the person who will open an account for you or help wjth your problems.
savings accountmoney that you do not plan to use soon, it will earn interest.
interestis money the bank pays you for keeping your money there.
checking account9is a convenient place to keep money that you will need soon.
checkis a written order to the bank to pay money from your account.
openinggetting a bank account.
signature card this is done so the bank has a record of how you sign your name.
deposita certain amount of money when you open an account.
minimumsmallest deposit they will take to open an account.
balancethe amount of money you have in your checking account.
overdrawnif you write a check for more than your balance.
transactionsthe deposits you make and the checks you write.
bank stetementlisting all the deposits you have made and all the checks the bank has paid.
canceled checks is proof that you have paid the bill.
reconcilethe statement, which means to make sure it is correct and agrees with your checkbook record.
individual accountan individual account will have only your name on it.
joint accounta joint account will have both names on it for married people.
signyour name.
signaturewhen you sign your name, you write it out. ypu do not print it.
currencycurrency is paper money.
coinscoins are metal money.
deposit slipwhenever you want to deposit money in your checking account.
abbreviationis a shortened form of word.

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