M1 money supply + savings accounts and money market accounts.

Independent federal agency that supervises federal credit unions and insures depositor’s money.

Lack of money in an account to pay a payment

A written order instructing the bank to pay a certain amount of money to another person or place; must contain date, payee, amount, and signature.

A check that has been written, but not yet received and paid by the bank.

An automatic loan by the bank that cover debit card transactions, checks or withdrawals if you do not have enough money in your account.

When the bank pays a check you have written and deducts the amount from your account.

Not for profit financial institution that is owned entirely by its members.

A combination of letters or numbers that you use to access an account.

A check that has been written, but not yet received and paid by the bank.

Plastic card used to deduct money from a checking account almost immediately to pay for purchases.

The process of comparing the bank balance and check register so that they show the same amounts.

An automatic deposit of net pay to an employee’s designated bank account.

Money placed in a bank or some financial institution.

Uses a computer-based system that enables you to transfer money from one account to another in lieu of writing a check or exchanging cash.

Request that a bank not cash or honor a specific check.

Sign the back of a check authorizing the check to be exchanged for cash or credit.

Independent agency of the U.S. government that protects customers from the loss of any deposit if the financial institution fails.

The central banking system in the united states that sets monetary policy.

A check signed by someone else other than who is specified on the check without that person’s permission.

Money paid to you by a financial institution when you deposit funds there.

The process in which interest is earned on both the principal and on any previously earned interest.

Insures credit union deposits up to $250,000.

Insures Bank deposits up to $250,000.

A check that is more than 6 months old.

The ability to easily convert financial assets into cash without loss in value.