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Dahnitions Banking Terms a. Canceled check b. Electronic funds transfer (EFT) d e t v Acheck that has been paid by the bank on behalf

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Dahnitions Banking Terms a. Canceled check b. Electronic funds transfer (EFT) d e t v Acheck that has been paid by the bank on behalf of the depositor A disbursement system that uses wire, telephone, or computers to transfer cash balances from one location to another. Adocument provided by the bank that requires the signature of all authorized signers of checks A document provided by the bank which depositors use to list all deposits (including cash and checks) made into a checking account A machine that allows a depositor to make transactions such as deposits and withdrawals A monthly statement from the bank that shows the depositor's bank transactions and balances A written order signed by a bank depositor, directing the bank to pay a specified sum of money to a designated recipient. Amounts that are added to a depositor's account, Amounts that are deducted from a depositor's account The bank on which the check is drawn (also referred to as the draweer The depositor writes or stamps his name on the back of the check for depost The entity company or person to whom the check payable The issue of the checkTalso referred to as the drawer who gets the bank to pax a specified sont of money to the payee The person or company who opens a checking accounts customer of the bank h Endocinant Pave Maker n Elepote

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