Checking Account Vocabulary Review

This cancels a check and ensures that it can't be used.

• ledger

• void

• endorse

• check

Also known as a register, this is a book where you record the balance and transaction for your checking account.

• ATM

• balance

• ledger

• void

A PIN is a combination of numbers, (typically 4) which acts as a password for your account.

• PIN number

• money

• check

• deposit

These allow you to make purchases similar to a credit card and also gives you access to ATMs. It's the equivalent of writing a check, but with the convenience of a credit card.

• number

• checkbook

• debit card

• balance

The amount of money you have in a bank account.

• balance

• check

• debt

• deposit

Writing a check for more than you have in your account. Banks will typically charge a fee for doing this.

• endorse

• debt

• bouncing a check

• void

A written contract between you and your bank. When you do this you are asking the bank to take money from your account and give it to someone else or a business.

• ATM

• ledger

• check

This refers to when you put money into a bank account. Your account balance will go up because you are adding money to your account.

• endorse

• debt

• withdraw

• deposit

This is the signature on the front and back of a check verifying that you agree to the transaction of the check.

• endorse

• tear up

• address

This refers to when you take money out of your bank account. Your account balance will go down when you do this.

• withdrawal

• deposit

• checkbook

• account