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checking account terms

AB
ATM CardA card that allows you to access your account from an ATM
Bank StatementA list of your deposits and checks that your bank sends to you every month.
Canceled checksChecks that you have written and that have been paid by your bank
Debit cardA card that can be used wherever credit cards are accepted or at an ATM
Outstanding ChecksChecks you have written but have not been sent to your bank
OverdraftA check that cannot be covered by the money in your account
OverdrawnYour account has insufficient funds to pay for the checks you have written
PayeeName of person or business to whom the check is written
ReconciliationMatching the total of your bank statement with the total of your check register
Stop PaymentAsking the bank to withhold payment on a check you have written.
VoidTo make non-usable a check you have written and have torn up
WithdrawalTo remove money from your account by using a withdrawal slip, an ATM, or by writing a check
Bank statementIndicates bank charges, overdrafts, and other information
Canceled ChecksListed on your bank statement and sometimes are returned to you with your monthly statement
Outstanding ChecksChecks that have not been paid by the bank
Stop PaymentYou do not want this check to be paid.


H. Frank Carey high School
Franklin Square, NY

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