Term
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Definition
| Automatic Teller Machine-a bank machine that gives out cash from your account and accepts deposits around the clock. |
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Term
| Balancing a Checking Account |
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Definition
| Calculations that are made to determine the difference between the payments from, and the deposits to, a checking account. |
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Term
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Definition
| Financial institution at which you can get a checking account or savings account |
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Term
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Definition
| Monthly printout from your bank that shows all transactions in your accounts. |
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Term
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Definition
| A no-frills checking account that offers a low minimum opening deposit and reduced fees for students. |
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Term
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Definition
| A debit against your checking account written on a paper form. |
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Term
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Definition
| Business that charges a fee to cash a check such as a paycheck. Banks will provide this service for free to their customers |
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Term
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Definition
| The book in which you keep records of checks, deposits, debit card transactions, and ATM withdrawals |
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Term
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Definition
| Like a credit card, but directly attached to a checking account, and can be used with a PIN to pay for items at a store. |
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Term
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Definition
| An automatic deposit of a paycheck without having to take a physical check to the bank. |
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Term
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Definition
| Service fees for use of the checking account, built into the service agreement. |
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Term
| Interest-Bearing Checking Account |
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Definition
| A checking account that pays interest on the balance. |
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Term
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Definition
| Amounts withdrawn from your account beyond the money the account held. Also know as non-sufficient funds (NSF), or bounced check. |
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Term
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Definition
| A short-term very high interest cash advance based on a paycheck. Usually from private non-bank sources, these loans are often due the next payday. |
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