| A | B |
|---|
| Check number | Number of the check at the top right corner. |
| Date | When the check was written. However on personal checks, they can be cashed as soon as they are written. “Post dating” (or future dating) a check does not prevent someone from cashing it. |
| Financial Institution | Bank or Credit Union |
| Memo | Place on the check where one can write a note as a reminder of the purpose of the check. |
| Payee | The person or business a check is written to. |
| Signature | Should match the name of the Drawer or Maker of the check. |
| Checking account | a payment method provided by a financial institution to manage your money efficiently |
| Check | forms used to order the bank to pay money out of the depositors account |
| Check register | a separate form for recording the details of checks written |
| Deposit | When you put money into an account using a deposit ticket |
| Withdraw | When you take money out of your account either by check, ATM or online payment |
| Bounced check | a check that has been written when there is not enough money in the account to cover it |
| Endorse | to sign your name on the back of a check in order to cash the check or deposit it |
| Amount | What a check is written for. This appear |
| EFT | Electronic funds transfer, which is how banks move fund between accounts instantly, removing the time required for a transaction to "clear" |
| Cleared | The action of subtracting funds from the account for a check. |
| ATM | Automated teller machine or cash machine that provides cash instantly with a credit or debit card. |
| PIN | A four to seven digit number that is assigned to your account like a password, also called personal identification number |
| Debit card | Like a credit card in that it's plastic but is an electronic form of cash that takes money from your account. |
| Monthly statement | Paper copy of all the activity on an account for a given month. |
| FDIC | Insures deposits at commercial banks and Savings & Loan company's, federal deposit insurance company |
| CD | An alternative savings account, that pays a fixed rate of interest, but holding your funds for a certain amount of time - certificate of deposit. |
| Routing (ABA) Number | Unique 9 digit identification number for a bank or credit union |
| Void | occurs when a check is not good or usable and you write this on the check and tear it up. |
