Banking Flashcards
What you owe the bang plus more for how long you owe money
Interest
Owned by share holders
Commercial bank
State charter bank
Mutual Savings Bank
Providing money for home buyers
Savings and Loan
Non profit owned by members
Credit Union
Financial institution that operates over the internet
Internet Bank
The Federal Deposit Insurance Corporation
FDIC
Electronic funds transfer
EFT
Automatic teller machine
ATM
Personal identification number
PIN
Allows you to get cash out of your account
Debit Card
The person the check is made out to
Payee
A bounced check
Overdraft
Signature on the back of check
Endorsement
Bank statement
Reconcile
A stamped check that ensures you have the money in the bank
Certified check
A check you right from the bank
Cashiers check
A perches certificate
Money order
A card that you buy from a store that already has money on it
Prepaid card
Checks that were received after the bank sent you your closing date statement
Outstanding
A check that has been stamped
Cancelled check
A company that transfers money for you
Money transfer service
A transfer that electronically send funds to somewhere else
Wire transfer
