chapter 14

words/definition

18 cards·by koong

insufficient funds

no 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 into the bank

check

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

minimum deposit

the lowest amount of money needed in an account

withdraw

remove something

interest

money that a bank pays you for keeping your money in a checking or savings account

fee

cost

ATM

an automatic teller machine

signature card

a card that you sign when you open a bank account

deposit slip

a slip of paper you fill out that shows how much money you put in 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 an account

cash

dollar bills and coins

savings account

money in a bank that gains interest

withdrawal slip

a piece of paper used to take money from the bank

bank statement

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