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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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; 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 |
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Term
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Definition
| A loan where a borrower gets a cash advanced based in his paycheck; these loans generally must be repaid on the next payday |
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Term
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Definition
| The cash to pay for your budgeted expenses is put into labeled envelopes for each expense. When the envelope is empty, you are out of money for that expense. |
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Term
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Definition
| Buying something without thinking it out first. |
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Term
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Definition
| To compare your bank statement to your check register and adjust for the differences. |
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Term
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Definition
| Giving every dollar of income a name: spending all your money on paper before getting it. |
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Term
| Overdraft/Bounced Check/NSF |
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Definition
| A transaction such as a check or a debit that you don't have enough money to cover; non-sufficient funds. |
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Term
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Definition
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Term
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Definition
| The value of the items you own minus the amount of debt that you have. |
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