Checking Vocabulary

Allows a person to manage a bank account holder's funds through actions such as withdrawing or depositing money, viewing account balances, etc.

• Credit

• ATM

• Checking Account

• Debit

The amount of money you have in your account.

• Balance

• Credit

• Debit

• Check

 To compare your bank’s monthly statement with your own check register for the same account.

• Bank Statement

• Debit Card

• Debit

• Reconcile

 A fee charged to your account when it lacks the funds to cover a withdrawal, but the bank allows the transaction to go through anyway.

• ATM Fee

• Non-Sufficient Funds Fee

• Overdraft Fee

• Monthly Fee

 Protection provided by the Federal Deposit Insurance Corporation; protects the deposits of customers against loss up to $250,000 per account.

• FDIC

• Insurance

• Credit

• Balance

A check that has been written but has not yet been cashed or deposited by the payee.

• Credit

• Debit Card

• Debit

• Outstanding Check

 A monthly document prepared by your financial institution which shows all of the transactions related to your account.

• Bank Statement

• Balance

• Check Register

• Direct Deposit

 A written, dated, and signed order to the bank that tells it to pay a definite sum of money to a payee.

• Debit Card

• Credit

• Check

• Check Register

A sum of money deducted from your account.

• Credit

• Debit

• Debit Card

• Check

An automatic electronic deposit of net pay to an employee’s designated bank account.

• Credit

• Withdrawal

• Direct Deposit

• Deposit