| A | B |
|---|
| Balance | The amount of money you have in your bank account. |
| Cancelled Check | Checks the bank has paid. They will appear on your bank statement. |
| Check | A written order to the bank that tells it to take a stated amount of money from your account and pay it to another. |
| Checkbook | A handy portfolio that holds your check register |
| Check register | A record that allows you to keep track of checks you have written |
| Credit | A sum of money deposited INTO an account. You can use a credit to charge merchandise or borrow money. |
| Debit | A sum of money deducted from your account. |
| Debit card | A plastic card that enables you to do ATM transactions and to make purchases instead of using cash or writing a check. |
| Deposit | Money you put into your account. |
| Deposit slip | A form you fill out to credit money to your account when you make a deposit. |
| Direct Deposit | Your employer automatically deposits your paycheck into your account. |
| Endorse | To sign the back of a check made out to you so it can be cashed or deposited. |
| Interest | A fee paid to you for keeping your money in the account or a fee charged to you for a loan or credit card. |
| Overdraw | To write a check or make a withdrawal when there isn't enough money in the account to pay for it. |
| Post-date | To write a future date on a check. |
| Reconcile | To "balance" your checking account with your monthly statement from the bank. |
| ATM | Automatic Teller Machine. Allows a customer to get out physical currency from their account |
| Voided check | A check with "VOID" written across it that make it non-negotiable. |
| Statement | The monthly record of your account transactions sent to you by your bank. |
| PIN | Personal Identification Number needed to use an ATM card. |
| Signature card | A card used when opening a new account that includes name |
| Payee | The person to whom the check is made payable. |
| Outstanding check | A check that has been written but not yet deducted from the person's bank account. |
| Outstanding deposit | A deposit that has been made but not yet added to the person's bank account. |
| Credit card | A card that allows the holder to make purchases without cash by borrowing money |
| Prepaid card | A card that is loaded with a specific cash amount before you use it but then looks and works like a credit card until the full value is spent. |
| Person to person payment | An online process that allows you to send money directly from your checking account to a friend via email or cell phone. |
| Check cashing store | A business that cashes checks |
| Bank Statement | the bank's accounting of your transactions |
