| A | B |
|---|
| Cancelled Check | A check that has cleared your account |
| Outstanding check | Check that has been written, but has not been cashed yet |
| Outstanding deposit | Money you have put in the bank but isn't showing up on your online banking/statement |
| Check(book) register | Booklet used to record checking transactions |
| Bank reconciliation | The process of matching your checkbook register with the bank statement |
| Restrictive endorsement | Endorsement that limits the use of the check; For example: For deposit into Account #1453 |
| Blank endorsement | Endorsement that consists of a signature |
| Special endorsement (AKA endorsement in full) | Endorsement that transfers the right to cash the check to someone else |
| Joint Account | An account opened by two or more people |
| Check | A written order to the bank to pay the amount stated to the person/business named on it |
| Overdraft | A check written for more money than your account contains |
| Deposit slip | Fill this out to put money into your account |
| Interest | Banks charge this on loans as a way to make money |
| FDIC/NCUA | These federal programs guarantee your money in a bank/credit union if there is ever an economic crisis |
| $250,000 | The maximum amount that the FDIC/NCUA insures your money for |
| Interest | Banks make money by charging this |
| Direct deposit | An option offered by many employers that allows your paycheck to be deposited directly into your account on payday |
| Stop payment order | Can be issued if a check is lost IF it hasn't already been cashed |
| Certified check | Personal check that is guaranteed by the bank to be good |
| Cashier's check | A bank check written for a particular amount |
| Money order | Secure payment method that spends like a check |
| VOID | Write this on a check that has a big mistake on it |
| Initial | Do this to any small corrections you make when writing a check |
| Signature | Your legal name in cursive |
| ATM | Computer terminal to make bank transactions |
| PIN | Personal Identification Number |
| EFT | Movement of money between accounts using a computer |
| Debit card | Card used to transfer money from your account to pay someone or to get cash |
| Statement | Monthly report of your account activity |
| Safe Deposit Box | Offered by banks as a secure place to store valuables inside the bank |
| Trust | An option to help preserve money, property, etc. to loved ones |
| Signature Card | Must be signed by anyone who has access to an account |
