Matching
Match each statement to the item listed below.
Premises:
digital check image
restrictive endorsement
blank endorsement
overdraft protection
ACH
full endorsement
EFT
reconciliation
Responses:
the process of moving funds electronically
a signature on the back of a check
a picture or digital image of a paper check
a checking account linked with another account to transfer funds in case of an overdraft
an electronic network that allows banks to transfer funds between institutions
a check endorsed with "pay to the order of"
the process of balancing a check register with a bank statement
a check endorsed with "for deposit only"
Correct Answer:
Premises:
Responses:
digital check image
restrictive endorsement
blank endorsement
overdraft protection
ACH
full endorsement
EFT
reconciliation
Premises:
digital check image
restrictive endorsement
blank endorsement
overdraft protection
ACH
full endorsement
EFT
reconciliation
Responses:
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