Choosing and Balancing a Checking Account Worksheet

ATM: Automatic teller machine, a bank machine that gives out cash from your account and accepts deposits around the
bank: Financial institution at which you can get a checking account or savings
bank statement: Monthly document from your bank that shows all transactions in your
check: A debit against your checking account written on a paper
check register: The book in which you keep records of checks, deposits, debit card transactions, and ATM
credit union: A credit union is a member-owned financial institution that offers many of the same services as a
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
direct deposit: An automatic deposit of a paycheck without having to take a physical check to the
fees: Service fees for use of the checking account, built into the service
interest-bearing checking account: A checking account that pays interest on the
overdrafts: Amounts withdrawn from your account beyond the money the account
payday loan: A modest sum of money lent at elevated interest rates to a borrower who consents to repay the loan when the borrower's next paycheck is