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12 Cards in this Set
- Front
- Back
- 3rd side (hint)
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A secure container located in a bank vault |
Safe Deposit Box |
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If you write a check or make a withdrawal from your account and the account doesn't have enough money to cover the transaction, the bank will cover the shortage. |
Overdraft Protection |
A bank service that covers a shortage in your account.
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An instruction to the bank not honor a check that has been issued or lost |
Stop Payment |
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A check issued against the bank's funds |
Cashier's check |
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A type of check used to pay bills or make payments for which the money is guaranteed |
Money order |
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Accessing and managing your account online |
Internet Banking |
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What are advantages of internet banking? |
1.Check account balances 2. Check that deposits are posted and checks have cleared 3. Monitor activity in your account 4. View and print statements 5. Transfer money between accounts 6. See interest or fees that have been posted 7. Pay bills |
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A card that contains a computer chip that stores electronic money. |
Smart Card |
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A check that is not honored by a bank and is returned to the payee's bank due to non-sufficient funds. |
Bounced Check |
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A checking or saving account that doesn't meet minimum usage requirements. |
Inactive account |
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Writing a check and planning to make a deposit later to cover it before the check is processed. |
Floating check |
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An access code or PIN number along with a user name is needed. Can be accessed at anytime of the day. |
Internet banking |
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