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Unit 5 VOCABULARY

Across
Not-for-profit organization offering the same financial services as banks.
Immediately transfer funds from your account to another person's account in different cities or countries without writing a check.
Balance your check register with the bank statement
Looks like a credit card, but acts more like a check, limiting your spending to whatever amount of money is in your account at the time.
A written order telling the bank who to pay and how much.
Cash advance on your paycheck with extremely high interest rates.
The bank offers you the option for protection from having your card declined.
A notice that a transaction will be processed electronically and the funds will be immediately deducted from your account.
Will keep your money safe while allowing you to access it several different ways
Lets you send money to your creditors straight form your checking or savings account
The bank deducts the amount from you account and writes the check on its own funds.
Down
Writing "for deposit only", your bank account number and your signature on the back of a check.
Sells financial services such as loans, checking and savings accounts, CDs, safe deposit boxes.
Let you schedule money movements between accounts at the same bank.
The bank verifies you have funds in your account. A payee might request this type of check to guarantee that your check will clear.
Employers deposit paycheck directly into your account.
Checks minus the checking account. Full amount is paid up front with cash or debit card withdrawal.
Sign the back of a check.
The person you've written the check to.