What occurs when a customer has withdrawn more funds than were actually in the banking account resulting in the customer owing money to the bank?

What interest is charged by the bank on the part of the funds that exceed the amount that the account holder has in the account?

Where can you find an external record of the summary of the transaction between yourself and your bank?

Who is the person making payment when a cheque is drawn up?

What do we call a cheque that the bank refused to pay the payee because the drawer has insufficient funds in his current account?

What instrument allows the purchase of goods and services to be paid for later? This payment can be paid off monthly by paying a minimum amount and carrying the balance forward and paying interest on the outstanding balance.

What instrument allows for the payment of goods and services without a cheque and takes money from the account immediately?

What do we call the action of placing in a bank for safekeeping?

What do we call it when money is paid straight into a person or organisations' banking account - either electronically or manually?

The person or business to whom a cheque is made out, i.e. the person who will be receiving the money.