Chapter 9 Review. Parts of a Check 7 89 Date line Payee Numeric amount Written amount Memo Signature Check # Bank routing and account #’s.

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Presentation transcript:

Chapter 9 Review

Parts of a Check 7 89 Date line Payee Numeric amount Written amount Memo Signature Check # Bank routing and account #’s

Checking Account Terms Review Check Canceled check Overdraft Floating a check Register Reconciliation Blank endorsement Special endorsement Restrictive endorsement Joint account Certified check Cashier’s check Money order Debit card ATM Stop payment order Safe deposit box The type of endorsement that limits the use of the check. (“For Deposit Only”)

Checking Account Terms Review Check Canceled check Overdraft Floating a check Register Reconciliation Blank endorsement Special endorsement Restrictive endorsement Joint account Certified check Cashier’s check Money order Debit card ATM Stop payment order Safe deposit box The booklet used to record your checking account transactions.

Checking Account Terms Review Check Canceled check Overdraft Floating a check Register Reconciliation Blank endorsement Special endorsement Restrictive endorsement Joint account Certified check Cashier’s check Money order Debit card ATM Stop payment order Safe deposit box A check bearing the bank’s stamp, indicating that it has cleared.

Checking Account Terms Review Check Canceled check Overdraft Floating a check Register Reconciliation Blank endorsement Special endorsement Restrictive endorsement Joint account Certified check Cashier’s check Money order Debit card ATM Stop payment order Safe deposit box A check written for more money than your account contains.

Checking Account Terms Review Check Canceled check Overdraft Floating a check Register Reconciliation Blank endorsement Special endorsement Restrictive endorsement Joint account Certified check Cashier’s check Money order Debit card ATM Stop payment order Safe deposit box Process of matching your checkbook register with your bank statement.

Checking Account Terms Review Check Canceled check Overdraft Floating a check Register Reconciliation Blank endorsement Special endorsement Restrictive endorsement Joint account Certified check Cashier’s check Money order Debit card ATM Stop payment order Safe deposit box This transfers the right to cash the check to someone else.

Checking Account Terms Review Check Canceled check Overdraft Floating a check Register Reconciliation Blank endorsement Special endorsement Restrictive endorsement Joint account Certified check Cashier’s check Money order Debit card ATM Stop payment order Safe deposit box A personal check that the bank guarantees to be good.

Checking Account Terms Review Check Canceled check Overdraft Floating a check Register Reconciliation Blank endorsement Special endorsement Restrictive endorsement Joint account Certified check Cashier’s check Money order Debit card ATM Stop payment order Safe deposit box A card that acts just like a check but can be swiped like a credit card.

Checking Account Terms Review Check Canceled check Overdraft Floating a check Register Reconciliation Blank endorsement Special endorsement Restrictive endorsement Joint account Certified check Cashier’s check Money order Debit card ATM Stop payment order Safe deposit box A check written by a bank on its own funds.

Checking Account Terms Review Check Canceled check Overdraft Floating a check Register Reconciliation Blank endorsement Special endorsement Restrictive endorsement Joint account Certified check Cashier’s check Money order Debit card ATM Stop payment order Safe deposit box A request that a bank not cash a specific check.

Checking Account Terms Review Check Canceled check Overdraft Floating a check Register Reconciliation Blank endorsement Special endorsement Restrictive endorsement Joint account Certified check Cashier’s check Money order Debit card ATM Stop payment order Safe deposit box Realizing your account contains insufficient funds, but you write the check anyway, hoping the deposit will clear before the check is cashed.

Checking Account Terms Review Check Canceled check Overdraft Floating a check Register Reconciliation Blank endorsement Special endorsement Restrictive endorsement Joint account Certified check Cashier’s check Money order Debit card ATM Stop payment order Safe deposit box An account opened by two or more people.

Checking Account Terms Review Check Canceled check Overdraft Floating a check Register Reconciliation Blank endorsement Special endorsement Restrictive endorsement Joint account Certified check Cashier’s check Money order Debit card ATM Stop payment order Safe deposit box A place for bank customers to store particularly valuable small items and documents.

Checking Account Terms Review Check Canceled check Overdraft Floating a check Register Reconciliation Blank endorsement Special endorsement Restrictive endorsement Joint account Certified check Cashier’s check Money order Debit card ATM Stop payment order Safe deposit box The signature of the payee written exactly as it appears on the front of the check

Checking Account Terms Review Check Canceled check Overdraft Floating a check Register Reconciliation Blank endorsement Special endorsement Restrictive endorsement Joint account Certified check Cashier’s check Money order Debit card ATM Stop payment order Safe deposit box This acts like a check, but cannot bounce. For people who do not want to send cash or do not have a checking account.

Checking Account Terms Review Check Canceled check Overdraft Floating a check Register Reconciliation Blank endorsement Special endorsement Restrictive endorsement Joint account Certified check Cashier’s check Money order Debit card ATM Stop payment order Safe deposit box Allows you to complete many common banking transactions without having to go into the bank.