Lesson 6 Checking Account Vocabulary

A business that cashes checks, giving the customer cash in exchange for a fee for the service.

• bank statement

• credit union

• check cashing store

A card that is loaded with a specific cash amount before you use it but then looks and works like a credit card until the full value is spent.

• debit card

• prepaid card

• credit card

A deposit that has been made but not yet added to the person's bank account

• direct deposit

• outstanding deposit

• payee

• PIN

A check that has been written but not yet deducted from the person's bank account.

• voided check

• outstanding check

• cancelled check

• PIN

The person to whom a check is may payable to

• payer

• payee

• creditor

The number you need in order to use an ATM card

• CID number

• PIN number

• account number

• routing number

When you write this word across a check, it become non-negotiable and cannot be cashed.

• TENDERED

• VOID

• NON-NEGOTIABLE

Another word for "balance" your checking account with your monthly statement from the bank.

• tender

• reconcile

• post-date

• payee

To write a check or make a withdrawal when there isn't enough money in the account to pay for it.

• underdraw

• overdraw

• endorse

To sign the back of a check made out to you so it can be cashed or deposited

• payee

• endorse

• check register

• overdraw