Online Banking and Checking Accounts Flashcard Part 1

Front

What is a bank machine that gives out cash from your account and accepts deposits around the clock?

Back

ATM

Front

A periodic (usually monthly) check that your account balance and statements accurately reflect the actual deposits made to the account and the checks written against.

Back

Balancing (a checkbook)

Front

Financial institution at which you can get a checking account or savings account.

Back

Bank

Front

Monthly document from your bank that shows all transactions in your account.

Back

Bank Statement

Front

Writing a check for more money than a bank account contains.

Back

Bouncing (a check)

Front

A debit against your checking account written on paper form.

Back

Check

Front

The book in which you keep records of checks, deposits, debit card transactions, and ATM withdrawals.

Back

Check register

Front

What is a member-owned financial institution that offers many of the same services as a bank?

Back

Credit union

Front

Like a credit card, but directly attached to a checking account; a _____ ____ can be used to pay for items at a store.

Back

Debit card

Front

An automatic deposit of a paycheck without having to take a physical check to the bank.

Back

Direct deposit