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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

gisselv1

13118

Card Set

Test_2

Description

Banking, Checkin

Updated

2010-04-05T03:59:02Z

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