Checking Accounts

Checking account

Bank account designed for everyday transactions, allowing you to deposit, withdraw, and manage your money

Checkbook register

Ledger-like tool used to record transactions in a checking account; a way to manually track your deposits, withdrawals, checks, and other financial activity

Canceled check

A physical check that has been processed and paid by the bank after it has been cashed or deposited by the payee

Stop payment order

A request to a financial institution to cancel a specific check or payment before it’s been processed

Bouncing a check

A check that is returned to the payer’s bank (the bank that issued the check) because it cannot be processed due to insufficient funds

Floating a check

Refers to writing a check when you don’t have enough money in your account