Checking Account Vocab

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

• single

• joint

• express

• interest-bearing

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

• overdone

• overdrawn

• oversee

• overbearing

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

• AMT

• PIN

• EFT

• ATM

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

• interest

• credits

• debits

• deposits

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

• checking

• savings

• loan

• certificate of deposit (CD)

The payee's signature on the back of a check in order to cash it - it can be hand-written, stamped or electronic.

• autograph

• transfer

• fee

• endorse

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

• register

• statement

• check

• hold

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

• cancelled

• outstanding

• overdrawn

• insufficient

The account owner of the check

• payee

• teller

• receiver

• drawer

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

• deposit slip

• direct deposit

• check register

• ATM