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Deposit record
Record of deposit given to customer by bank.
Bankbook
Record of deposits, withdrawls, and interest earned.
Bank statement
A record sent to customer all bankin activity for a set or perioid or time
Agent
A person authorized to act for another
Cashiers check
Purchasers pays full amount of check issued by bank.
Check register
Check stub, record showing the check number
Certified check
Bank stamps customers own check and holds funds aside to cover check
Debit
An entry of an amount owed that has been charged to the account
Deposit
Money being placed in bank account
Deposit slip
An itemized list of cash and checks deposited
Currency
Paper money issued by government
Endorsement
Payees signature on back of check
Endorser, payee
Same as payee on check
Same as payee, person to whom check is written
Limited check
Check that will be void if written over designated amount or kept beyound time limit.
Maker
Individual who signs check
Posdated check
Check made out for a future date
Payer
Person who signs check
Five pieces of information a bank requires to stop payment on a check...
Check #
Date issued
Amount of check
Name of payee
Reason for stopping payment
What reasons may payment be stopped?
Lost check
Disaggreement regarding product or service
What should you do with a postdated check?
Deposit the check on the date for which they are made out.
Electronic fund transfer
Method of creditting or debiting accounts by computer w/ out checks or deposit slips
Where is the ABA number printed on a check ?
Upper right corner
The record of checks written is known as ...
Check register
Which person signs a check ?
Maker
When a check is returned because there was not enough money ...
Insufficient funds
Author
Anonymous
ID
13115
Card Set
Test_2
Description
Banking, Checks
Updated
2010-04-05T03:46:26Z
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