chapter 14

words/definition

18 cards·by mcalisterc

insufficient funds

not enough money in a checking account for the bank to pay the checks you write

checking account

money in a bank that can be taken out using a check or ATM card

deposit

money put in the bank

minimum deposit

the lowest amount of money needed in an account

withdraw

remove something

intrest

money that a bank pays you for keeping your money in a checking or savings account; also, a fee that you pay when when you borrow money

fee

cost

ATM

an automatic teller machine; a machine that allows you to take money out of your checking or savings account using a special card

signature card

a card you sign when you open a bank account

deposit slip

a slip of paper you fill out that shows how much you put in or took the bank

receipt

a slip of paper the bank gives you that shows how much money you put in or took from your bank account

check register

a small chart where you record the checks you have written and deposits you have made

balance

the amount of money in a bank account

cash

dollar bills and coins

savings account

money in a bank that gains interest; it can be taken out using an ATM card or withdrawal slip

withdrawal slip

a piece of paper used to to take money from the bank

bank statement

a report that the bank sends you to show how much money is in your checking or savings account

Check

a written order directing a bank to pay a certain amount of money from the account of the person who signs it to the person named