Checking Vocabulary

Front

The amount of money you have in your bank account.

Back

Balance

Front

Checks the bank has processed. The recipient has received the amount of the check.

Back

Cancelled Check

Front

A written order to the bank that tells it to take a stated amount of money from your account and pay it to a specified individual/business.

Back

Check

Front

A book or portfolio that secures your check register, checks, deposit slips, receipts and other ATM/Debit Card Transactions.

Back

Checkbook

Front

A document that enables you to keep track of checks you have written, ATM/debit card transactions, as well as deposits and withdrawals.

Back

Check Register

Front

A sum of money deposited INTO an account. A result of a return of merchandise or a correction made to the account.

Back

Credit

Front

A sum of money deducted from your account. An accounting term which represents a subtraction of funds from an account.

Back

Debit

Front

A form you fill out to credit money to your account when you make a deposit.

Back

Deposit Slip

Front

To "balance" your checking account with your monthly statement from the bank.

Back

Reconcile

Front

The monthly record of your account transactions sent to you by your bank.

Back

Statement