| A | B |
|---|
| debit card | a bank card that, when making purchases, automatically deducts the amount of the purchase from the checking account of the card holder |
| dishonored check | a check that a bank refuses to accept |
| service fees or charges | banks sometimes charge for checking accounts or you may have a charge for a check written without enough money in the account to cover the amount of the check |
| electronic funds transfer | is a computerized cash payment system that transfers funds without the use of checks, currency, or other paper documents |
| outstanding deposits | deposits that the bank has not counted yet |
| postdated check | a check written with a future date on it |
| outstanding checks | checks you wrote that the bank has not received and has not deducted from your account |
| insufficient funds charge (ISF) | term for a bank charge for a check written without enough money in the bank to cover the amount of the check |
| bank statement | a report of deposits, withdrawals, and bank balances sent to a depositor by a bank |
| reconciling a bank statement | doing the math to make the bank’s account balance equal the balance in your checkbook so you know exactly how much money you have in your checkbook |
| canceled checks | a customer’s checks that the bank has processed and deducted from the customer’s account |
| signature card | a piece of paper, or a “card” that you fill out when you open a checking account with your personal information and your signature |
| initial deposit | your first deposit to open the account |
| account number | a distinct number given to your bank account |
| check stub and check | a different way to keep track of the checks you write from your checking account—a check stub is attached to each check and is kept after the check is detached; it lists the same information as the check register |
| individual account | has only one holder who can make withdrawals from the account |
| joint account | has more than one holder who can make withdrawals from the account |
| check register | a book to keep track of the checks you write from your checking account—the date, check number, description of the transaction, and balance; also lists deposits to the account |
