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ATM (Automatic Teller Machine) |
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Definition
A bank machine that gives out cash from your account and accepts deposits around the clock. |
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Balancing a Checking Account |
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Calculations that are made to determine the difference between the payments from, and the deposits to,a checking account. |
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Financial institution at which you can get a checking account or savings account. |
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Monthly printout from your bank that shows all transactions in your accounts. |
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A no-frills checking account that offers a low minimum opening deposit and reduced fees for students. |
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A deposit against your checking account written on a paper form. |
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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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The book in which you keep records of checks, deposits, debit card transactions, and ATM withdrawals. |
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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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An automatic deposit of a paycheck without having to take a physical check to the bank. |
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Service fees for use of the checking account, built into the service agreement. |
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Interest-Bearing Checking Account |
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Definition
A checking account that pays interest on the balance. |
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Amounts withdrawn from your account beyond the money the account held. Also known as non-sufficient funds (NSF), or bounced check. |
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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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A written cash flow plan. |
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A summary that shows total income and spending for a given time period. |
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Definition
A copy of each check you write. |
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Series of envelopes that are divided into categories (food, entertainment, gas, etc.) and are used to store cash for planned monthly expenses. |
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An item that is bought without previous planning or consideration of the long-term effects. |
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To match your bank statement with your checkbook. |
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A cash flow plan that assigns an expense to every dollar of your income, wherein the total income minus the total expenses equals zero. |
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