Chapter 4 Banking

Question	Answer
automatic teller machine (ATM) Image: Atm Machine (image/jpeg)	the ability to get instant cash
Bank reconciliation Image: Bank Reconciliation Sample (image/png)	Process of comparing the bank balance to the checkbook balance so adjustments can be made regarding checks outstanding, deposits in transit, and the like.
Bank statement Image: Bank Statement Template 27 (image/jpeg)	Report sent by the bank to the owner of the checking account indicating checks processed, deposits made, and so on, along with beginning and ending balances.
Banking apps	Special client application programs like checking account balances, paying bills, and transferring funds for those doing online banking
Blank endorsement Image: Blank Endorsement L (image/jpeg)	Current owner of check signs name on back. Whoever presents checks for payment received the money.
Check Image: How To Write A Check (image/jpeg)	Written document signed by appropriate person that directs the bank to pay a specific amount of money to a particular person or company
check register Image: Bcr 01 1 (image/jpeg)	Record-keeping device that records checks paid and deposits made by companies using a checking account
check stub Image: Tscat 01 Lg.Jpg (image/jpeg)	Provides a record of checks written. It is attached to the check
Credit memo (CM) Image: Qb Credit Note (image/jpeg)	Bank transactions that increase customer's account
Debit card Image: O Debit Card Facebook (image/jpeg)	Transactions result money being immediately deducted from customer's checking account.
Debit memo (DM) Image: 11 The Best Invoice Format For Letter Of Credit In Photoshop For Invoice Format For Letter Of Credit (image/jpeg)	A debit transaction bank does for customers
Deposit slip Image: Dt11 Db Lg.Jpg (image/jpeg)	Document that shows date, name, account number, and items making up a deposit
Deposits in transit Image: Endingstate (image/png)	Deposits not received or processed by bank at the time the bank statement is prepared
Draft	Written orders like checks instructing a bank, credit union, or savings and loan institution to pay your money tp a person or organization
Drawee	One ordered to pay the check
Drawer Image: Oip (image/jpeg)	One who writes the check
Electronic fund transfer (EFT) Image: Money Transfer Online Crop Id 74171 (image/jpeg)	A computerized operation that electronically transfers funds among parties without the use of paper checks
Endorse Image: Endorsement Line 1 (image/jpeg)	Signing the back of the check; thus ownership is transferred to another party
Full endorsement Image: Stock Vector Endorsed Rubber Stamp Grunge Design With Dust Scratches Effects Can Be Easily Removed For A Clean 568743331 (image/jpeg)	This endorsement identifies the next person or company to whom the check is to be transferred
Mobile banking Image: Yymlfc=&Risl=&Pid=Img Raw&R=0 (image/jpeg)	Doing banking transactions on a mobile device such as a smartphone or tablet
nonsufficient funds (NSF) Image: 100267748 Non Sufficient Funds Check Gettyp.1910x1000 (image/jpeg)	Drawer's account lacked sufficient funds to pay written amount of check
Outstanding checks Image: 1200 607117 93235503 (image/jpeg)	Checks written but not yet processed by the bank before bank statement preparation
Overdrafts Image: 3594f96d101d4a58888ab52718c51b98 (image/png)	Occurs when company or person wrote a check without enough money in the bank to pay for it (NSF check)
Payee Image: J0=&Risl=&Pid=Img Raw&R=0 (image/png)	One who is named to receive the amount of the check
Restrictive endorsement Image: Cheque Restrictive Endorsement Rubber Stamp Rcce793cbdc05475aaf3f806c57a0d999 6o9g0 540 (image/jpeg)	Check must be deposited to the payee's account. This restricts one from cashing it.
Signature card Image: Jul14 394 Lg (image/jpeg)	Information card signed by person opening a checking account

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	Created by CELIA VERDINEZ about 2 years ago