Checking Accounts Flashcards
A written order instructing a bank to transfer a specific amount of money out of your account to another person’s account.
Check
To write a check for more money than is in the account that you are taking it from.
Overdraw
A balance sheet listing deposits, withdrawals, service charges, and interest payments on an account wig a financial institution.
Bank Statement
A check for which a bank guarantees payment.
Certified Check
A check drawn on a banks own funds and signed by an officer of the bank.
Cashiers Check
Used like a check, it is an order purchasing a specific amount of money to be paid to a certain party.
Money Order
Checks that are purchased in common denomination that are replaceable if lost or stolen.
Traveler’s Checks
A formed filled out before depositing money.
Deposit Slip
To sign the back of a check so it can be deposited.
Endorse
