Banking Vocabulary Quiz

This protects you when there isn't enough funds in the account.

A written order used to transfer funds from an account to the check holder.

This is a withdrawal from the bank

This is a 24-hour electronic automated bank

This is the process to verify a bank account to make sure no errors have been made.

This is usually given once a month. It includes all transactions within given time frame.

This account only has one owner who is able to make transactions.

This is when an account doesn't have enough money to cover the check.

A document that states a specific amount of money and guarantees interest percent for timeframe

Something that has an end and can be represented by a real number

This form is filled out to add money to an account

Moving money electronically from one account to the other

This is where a bank charges on an account to provide access to different accounts.

This happens when waiting for a check to be paid by another bank.

The amount of money at the end of a statement period

A method for calculating interest so that it is paid four times a year, or every three months.

This account has more than one owner and each owner has equal access to transactions.

This interest is earned on the money that is deposited into an account plus previous interest.

This is the percentage rate that the bank pays on certain accounts

A check that has been processed so that the money is paid.

This is a deposit into a bank account

An unreachable value

This is the interest rate that will be paid or charged for entire year.

The number that appears on all documents to and from the bank (checks, slips, statements)

The amount of money that must be kept in an account without a fee.

This account pays higher interest than others but requires a higher deposit.

This is an account that allows a customer to deposit or withdraw money using a paper check

The amount of money at the beginning of the period.

The transactions that are not accounted for on your bank statement

This is a record of all transactions in a checking account

The amount of time that is on a bank statement. Range of dates.

This is when a check is processed and the funds have transferred.

This is (usually) a 4 digit password.

Something that goes without end and cannot be represented by a real number

A specified date at which interest will be paid on a CD

This action is signing the back of a check when signing it.

This type of deposit is added automatically to your account (usually payroll)

The same deposits made at regular intervals (i.e. yearly, monthly, etc)

The person who receives the money. This person accepts the check.

This account pays interest on the amount that is in the bank.

The person writing the check.

This is a percentage of money that the bank will pay based on how much is in the account