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12 Cards in this Set
- Front
- Back
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Money order |
A payment order for specific amount of money payable to a specific payee |
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Endorsement |
A signature on the back of the check |
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Debit card |
A banking product that allows you to make purchases by swiping a POS terminal |
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Credit union |
A non-profit financial cooperative owned and operated for the benefit of its members |
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Community bank |
Banks that are locally owned and operated |
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Overdraft |
Occurs when a check is written for an amount greater than the balance in the account |
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Bank statement |
A record of checks, ATM transactions, deposits, and charges on your account |
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Cashiers check |
A special type of check that the bank guarantees to pay |
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Certified check |
A personal check that your bank certifies is genuine and that there is enough money in your account to cover the check |
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Travelers check |
These can be cashed at many places and can be replaced if lost or stolen |
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Charter |
For a bank to legally operate, it must have this license for authorization |
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Commercial bank |
A business owned by investors |
