Checking Accounts Flashcards

Front

An account at a bank that allows a customer to deposit money and make withdrawals from the funds on deposit using a paper check or electronic transfer.

Back

Checking account

Front

The receiver of the transferred funds or the person to whom the check is written.

Back

Payee

Front

A form to fill out when adding money to a bank account.

Back

Deposit slip

Front

A numerical password that allows access to an ATM.

Back

Personal identification number (PIN)

Front

The money in a bank account that is not released until the issuing bank of a check pays for a check.

Back

Hold

Front

A percentage of the money that is in an account that a bank pays on some accounts.

Back

Interest

Front

An account that has just one owner who is able to make account transactions.

Back

Single account

Front

Withdrawals from a bank account.

Back

Debit

Front

Dates on a bank statement that indicate the range of dates in which the transactions occurred.

Back

Statement period

Front

Deposits that do not appear on the bank statement.

Back

Outstanding deposits