PHS EPF Unit 3 Vocab

Front

Account number for a bank location.

Back

ABA number/check routing number

Front

Commonly known as 'Money Machine', this machine serves as a teller and processes traditional transactions.

Back

ATM: Automated Teller Machine

Front

Monthly report listing all transactions (deposits/withdrawals) per account, may include canceled checks or images of cleared checks.

Back

Bank Statement

Front

Writing a check for more than the account balance results in a negative account and a fee from the bank.

Back

Bounced Check

Front

A check from a specific bank made payable to an individual or organization, with guaranteed funds.

Back

Cashier's Check

Front

Criminal act involving unlawful use of checks to acquire funds not owned by the account-holder.

Back

Check Fraud

Front

A written order directing a bank to pay money.

Back

Check

Front

A loan secured by an individual's assets; if unpaid, the lender takes ownership.

Back

Collateralized Loan

Front

Type of card billed on a charge account; responsible for interest charges.

Back

Credit Card

Front

Card linked to checking account; money comes directly from it.

Back

Debit Card