Chapter 16: Activity

Electronic terminals in which customers can insert a plastic card to withdraw cash, make deposits or transfer funds.

• Electronic Banking

• Automated Teller Machine (ATM)

• Deposit Ticket

A booklet or forms for keeping a record of checking account transactions.

• Statement of account

• Full-service bank

• Check Register

The receipt of money, goods, services in exchange for promise to pay

• Credit

• Debit Card

• Deposit ticket

A summary of all transactions completed in a checking account for a given time period

• Finance charge

• Full-service bank

• Statement of Account

A plastic card used in electronic banking to immediately transfer fund for a purchase from a bank.

• Debit Card

• Credit Card

• Signature Card

A form that is completed to open a checking account.

• Statement of account

• Postdating

• Signature Card

A signature, sometimes with a brief message, on the back/left side of a check needed to cash, deposit, or transfer ownership of it.

• Endorsement

• Check Register

• Reconciling

The total dollar amount paid for the use of credit.

• Finance charge

• ATM

• APR

Placing a date on a check that is ahead of the current date.

• Check Register

• Endorsement

• Postdating

The process of comparing a bank statement with one's personal check register to verify accuracy.

• Reconciling

• Check Register

• Signature Card