Checking Accounts

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Across
  1. 3. a financial service that covers a transaction when a bank account doesn't have enough money to cover it
  2. 7. abolish or make void (a financial obligation).
  3. 9. a deposit account at a financial institution that allows you to deposit, withdraw, and transfer money
  4. 10. a banking term that refers to when a checking account doesn't have enough money to cover a transaction or payment
  5. 11. is a written, dated, and signed instruction that tells a bank to transfer money from the check writer's account to the person or entity named on the check
  6. 13. machines that dispense cash and allow you to make other banking transactions
  7. 15. the electronic transfer of a payment directly from the account of the payer to the recipient's account
  8. 18. a charge made for maintenance on a property which has been leased.
  9. 20. a record of all transactions in a checking account, including checks, cash, and cash outlay
  10. 21. sign (a check or bill of exchange) on the back to make it payable to someone other than the stated payee or to accept responsibility for paying it.
  11. 22. a temporary delay that prevents you from withdrawing or spending funds in a bank or credit account
Down
  1. 1. a bank account held by more than one person, each individual having the right to deposit and withdraw funds
  2. 2. a small paper form that a bank customer fills out when depositing money into their account
  3. 4. is the electronic movement of funds between financial institutions, bank accounts, or individuals
  4. 5. a number allocated to an individual and used to validate electronic transactions
  5. 6. a person to whom money is to be or has been paid
  6. 8. an entry recording an amount owed, listed on the left-hand side or column of an account
  7. 12. an account that is owned by one person and only one person
  8. 14. a payment made when borrowing or lending money
  9. 16. clearing the process of moving money from the bank that a check is drawn from to the bank that it is deposited in
  10. 17. a person or other entity which instructs another party (the drawee) to pay money or assets to themselves or to a third party
  11. 19. the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future