Automatic teller machine, a bank machine that gives out cash from your account and accepts deposits around the clock.
Balancing?
A periodic (usually monthly) check that your account balance and statements accurately reflect the actual deposits made to the account and the checks written against it.
Bank?
Financial institution at which you can get a checking account or savings account.
Bank statement?
Monthly document from your bank that shows all transactions in your account.
Bouncing a check?
Writing a check for more money than a bank account contains.
Check?
A debit against your checking account written on a paper form.
Check register?
The book in which you keep records of checks, deposits, debit card transactions, and ATM withdrawals.
Credit Union?
A credit union is a member-owned financial institution that offers many of the same services as a bank.
Debit card?
Like a credit card, but directly attached to a checking account; a debit card can be used to pay for items at a store.
Direct deposit?
An automatic deposit of a paycheck without having to take a physical check to the bank.
Fees?
Service fees for use of the checking account, built into the service agreement.
Interest-bearing checking account?
A checking account that pays interest on the balance.
Overdrafts?
Amounts withdrawn from your account beyond the money the account holds.
