Banking Flashcards

1
Q

What you owe the bang plus more for how long you owe money

A

Interest

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2
Q

Owned by share holders

A

Commercial bank

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3
Q

State charter bank

A

Mutual Savings Bank

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4
Q

Providing money for home buyers

A

Savings and Loan

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5
Q

Non profit owned by members

A

Credit Union

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6
Q

Financial institution that operates over the internet

A

Internet Bank

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7
Q

The Federal Deposit Insurance Corporation

A

FDIC

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8
Q

Electronic funds transfer

A

EFT

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9
Q

Automatic teller machine

A

ATM

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10
Q

Personal identification number

A

PIN

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11
Q

Allows you to get cash out of your account

A

Debit Card

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12
Q

The person the check is made out to

A

Payee

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13
Q

A bounced check

A

Overdraft

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14
Q

Signature on the back of check

A

Endorsement

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15
Q

Bank statement

A

Reconcile

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16
Q

A stamped check that ensures you have the money in the bank

A

Certified check

17
Q

A check you right from the bank

A

Cashiers check

18
Q

A perches certificate

A

Money order

19
Q

A card that you buy from a store that already has money on it

A

Prepaid card

20
Q

Checks that were received after the bank sent you your closing date statement

A

Outstanding

21
Q

A check that has been stamped

A

Cancelled check

22
Q

A company that transfers money for you

A

Money transfer service

23
Q

A transfer that electronically send funds to somewhere else

A

Wire transfer