Checking Account Vocab
Flashcard
•
Business
•
8th - 12th Grade
•
Hard
Wayground Content
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21 questions
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1.
FLASHCARD QUESTION
Front
A type of account in which only one person can make withdrawals from it
Back
single
2.
FLASHCARD QUESTION
Front
This describes an account that has a balance that is negative (less than zero)
Back
overdrawn
3.
FLASHCARD QUESTION
Front
An automated teller machine that provides 24 hour access to banking services such as deposits and withdrawals.
Back
ATM
4.
FLASHCARD QUESTION
Front
Withdrawals or transactions that are subtracted (deducted) from your account balance.
Back
debits
5.
FLASHCARD QUESTION
Front
An type of account at a bank that allows a customer to deposit money, make withdrawals and make transfers.
Back
checking
6.
FLASHCARD QUESTION
Front
The payee's signature on the back of a check in order to cash it - it can be hand-written, stamped or electronic.
Back
endorse
7.
FLASHCARD QUESTION
Front
A written order used to tell a bank to pay money from an account holder to the check holder (payee).
Back
check
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