Checking Account Vocab

Front

A type of account in which only one person can make withdrawals from it

Back

single

Front

This describes an account that has a balance that is negative (less than zero)

Back

overdrawn

Front

An automated teller machine that provides 24 hour access to banking services such as deposits and withdrawals.

Back

ATM

Front

Withdrawals or transactions that are subtracted (deducted) from your account balance.

Back

debits

Front

An type of account at a bank that allows a customer to deposit money, make withdrawals and make transfers.

Back

checking

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

Front

A written order used to tell a bank to pay money from an account holder to the check holder (payee).

Back

check

Front

A check that has cleared the account and the amount has been paid to the payee.

Back

cancelled

Front

A record of all transactions in your checking account including withdrawals, deposits, fees, etc.

Back

check register

Front

The status of an account when there are not enough funds (money) in the account to pay the amount of a check, so the check is returned or dishonored.

Back

insufficient funds