| A | B |
|---|
| bank reconciliation | A statement showing how the checkbook balance and the bank statement were brought into agreement |
| bank statement | A report sent by the bank to a depositor showing the status of his or her account |
| commercial bank | A bank that offers a full range of financial services |
| check register | A separate form on which the depositor keeps a record of deposits and checks |
| credit union | A not-for-profit financial institution formed by people who have like occupations or live in the same community |
| debit card | A device used for cash machine transactions |
| stop payment order | A written notice telling the bank not to pay a certain check |
| Federal Deposit Insurance Corporation | A federal agency that protects deposited money in case of the failure of a bank or financial institution that it regulates |
| Federal Reserve System | A nationwide banking plan set up by the federal government to supervise and regulate member banks |
| outstanding checks | Checks that have not been deducted from the bank statement balance |
| safe-deposit box | A secured area in a bank vault for storing valuables |
| service charge | A fee a bank charges for handling a checking account |
| endorsement | Written evidence that you received payment or that you transferred your right of receiving payment to someone else |
