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Chapter 9 Review

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Page 1: Chapter 9 Review. Parts of a Check 7 89 Date line Payee Numeric amount Written amount Memo Signature Check # Bank routing and account #’s

Chapter 9 Review

Page 2: Chapter 9 Review. Parts of a Check 7 89 Date line Payee Numeric amount Written amount Memo Signature Check # Bank routing and account #’s

Parts of a Check

7

8 9

Date line

Payee

Numeric amountWritten amount

Memo

Signature

Check #

Bank routing and account #’s

Page 3: 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”)

Page 4: 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 booklet used to record your checking account transactions.

Page 5: 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

A check bearing the bank’s stamp, indicating that it has cleared.

Page 6: 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

A check written for more money than your account contains.

Page 7: 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

Process of matching your checkbook register with your bank statement.

Page 8: 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

This transfers the right to cash the check to someone else.

Page 9: 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

A personal check that the bank guarantees to be good.

Page 10: 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

A card that acts just like a check but can be swiped like a credit card.

Page 11: 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

A check written by a bank on its own funds.

Page 12: 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

A request that a bank not cash a specific check.

Page 13: 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

Realizing your account contains insufficient funds, but you write the check anyway, hoping the deposit will clear before the check is cashed.

Page 14: 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

An account opened by two or more people.

Page 15: 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

A place for bank customers to store particularly valuable small items and documents.

Page 16: 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 signature of the payee written exactly as it appears on the front of the check

Page 17: 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

This acts like a check, but cannot bounce. For people who do not want to send cash or do not have a checking account.

Page 18: 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

Allows you to complete many common banking transactions without having to go into the bank.