| A | B |
|---|
| Check | a written order by a depositor telling bank to pay cash to a person or business |
| Checking Account | bank or other institution that allows you to deposit cash and allows you to write checks against your account balance |
| Payee | person to whom the check is written |
| Drawer | person writing the check |
| Individual | a type of account that is owned by only one person |
| Signature card | a form that tells the bank you can write checks on an account |
| Deposit slip | form used to put money in the bank |
| Currency | bills and coins |
| Check register | used by the owner of the account to record all transactions |
| Endorsement | signing the back of a check |
| Blank endorsement | only your signature |
| Restrictive endorsement | tells what can be done with the check |
| Special/Full endorsement | transferring a check to another person or business |
| Voiding a check | cancelling - check can not be used |
| Bank Statement | a summary of all activity that takes place in your account |
| Bank Reconcilation | comparing the check register to the bank statement to determine the correct balance |
| Outstanding Check | a check not included on the bank statement but written |
| Account Balance | The amount of funds currently in your account |
| Electronic Funds Transfer (EFT) | Payment submitted electronically, often used to pay bills |
| Transfer | Used to move money between individual accounts |
| Bank Routing Number | Number used to identify a specific financial institution, found on the bottom of a Check |
| Post Dated Check | Check that has a date sometime in the future written. |
| Stale-dated Check | Check that is outstanding and has not been cashed at a Financial Institution in the past (90) days |
| Check 21 | Law that allows financial institutions to send Checks electronically |
| Direct Deposit | Funds that are sent directly to your account without a paper check |
| Mobile Banking | Banking done through a mobile device, often through an App |
| Bounced Check | Check that cannot be cashed and is returned to the Drawer due to insufficient funds in their account. |
| Overdraft | Attempting to withdraw more money than what is currently in the account |
| Overdraft Protection | Service Offered by a Financial institution that allows a person to Overdraft, often with a fee |
