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21 Cards in this Set
- Front
- Back
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Independent agency created by the federal government to protect bank customers by insuring their deposits |
FDIC |
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Financial institution that is owned by its depositors |
Mutual savings bank |
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Special type of check that the bank guarantees |
Cashiers check |
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Business owned by investors, and its primary functions are to recieve, transfer, and lend money to individuals, businesses, and governments. |
Commercial bank |
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Record of account deposits, withdrawals,checks, fees, and interest |
Check register |
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Financial institution that provides many of the services offered by commercial banks |
Savings and loan association |
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Record of checks, atm transactions, deposits, and charges to an account that is provided by the bank. |
Bank statement |
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Card that allows a person to make purchases by swiping the card through a point of sale terminal that is usually located at the merchants checkout counter |
Debit card |
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Special form of a check that functions as cash |
Travelers check |
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Signature on the back of a check that tranfers ownership of the check. |
Endorsement |
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License that authorizes a bank to operate. |
Charter |
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Payment order for a specific amount of money payable to a specific payee |
Money order |
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Non profit financial cooperative owned by and operated for the benefit of its members |
Credit union |
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Personal check that a bank certifies is genuine and that there is enough money in the account to cover the check |
Certified check |
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Type of commercial bank that is locally owned and operated |
Community bank |
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Movement of money electronically from one financial institution to another |
Electronic Funds Transfer |
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Card issued by a bank that allows the holder to check account balances, withdraw and deposit cash, and transfer money from one account to another using an automated teller machine |
ATM card |
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Written order for the bank to pay a specific amount to the person whom the check is written |
Check |
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A bank account that allows you to make deposits, write checks, and withdraw money |
Checking account |
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Check written for more money than the balance of the account |
Overdraft |
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Check written with a future date |
Post dated check |
