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CE Ch 7 CHECKING Vocab

AB
automated teller machine (ATM)computer terminal to make bank transactions
automatic withdrawalbill that are paid at a specified time through the bank
canceled checksa check paid by the bank
cashierÂ’s checka bank's personal check
certified checka check from your account guaranteed by the bank
checkam order for your bank to pay money from your account
check registeran area to record your checking transactions
currencypaper money and coins used for financial transactions
debit cardsa card used to transfer money from your account to pay someone
direct deposita deposit made directly to an account avoiding paper
electronic funds transfer (EFT)movement of money between accounts using a computer
endorsementthe signature on a back of a check
Federal Deposit Insurance Corporation (FDIC)a federal agency that insures deposits in banks
money ordera check that draws on the bank that issued it
overdrawingwriting a check for more than is in your account
payeethe person or business to whom the check is written
PINpersonal identification number
safe deposit boxesa box with a lock you can rent from a bank
statementa written record of your account from your bank
travelerÂ’s checkschecks you pay for in advance



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