Checking Account Project Vocab

This 'cancels' a check and ensures that it can’t be used.

This refers to when you take money out of a bank account.

This is the equivalent of writing a check but with the convenience of a credit card.

A bank takes the money from your account and pays it to the person or company named on the check.

False.

This refers to when you put money into a bank account.

A summary of all transactions in a checking account over a specific period.

This occurs when you spend more money than you have in your checking account.

A written order directing a bank to pay a specific amount from your account.

Any activity that involves the transfer of money in or out of a bank account.