| A | B |
|---|
| ATM | Automatic Teller Machine-a bank machine that gives out cash from your account and accepts deposits around the clock. |
| Balancing a Checking Account | Calculations that are made to determine the difference between the payments from, and the deposits to, a checking account. |
| Bank | Financial institution at which you can get a checking account or savings account. |
| Basic Statement | Monthly printout from your bank that shows all transactions in your accounts. |
| Basic Checking Account | A no-frills checking account that offers a low minimum opening deposit and reduced fees for students. |
| Check | A debit against your checking account written on a paper form. |
| Check Cashing Service | Business that charges a fee to cash a check such as a paycheck. Banks will provide this service to free to their customers. |
| Check Register | The book in which you keep records of checks, deposits, debit card transactions, and ATM withdrawals. |
| Debit Card | Like a credit card, but directly attached to a checking account, and can be used with a PIN to pay for items at a store. |
| Direct Deposit | An automatic deposit of a paycheck without having to take a physical check to the bank. |
| Fees | Service fees for use of the checking account, built into the service agreement. |
| Interest-Bearing Checking Account | A checking account that pays interest on the balance. |
| Overdrafts | Amounts withdrawn from your account beyond the money the account held. |
| Payday Loan | A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday. |
