Glossary

The 9-digit number (8 digits and a check verification digit) that identifies a specific financial institution. Also referred to as a Financial Institution Routing Number or Routing Transit Number.

Editing criteria used to verify the accuracy of a payee's account number in certain electronic payment transactions.

List of accounts available online. May include checking, savings, NOW, money market, and certificate of deposit (CD) accounts, credit cards, or loans.

Location to which correspondence can be delivered.

Means of delivery for the alert message. Options include only Online Banking or Personal E-mail & Online Banking Message.

Short description of the conditions that cause an alert to be sent.

Messages that alert you when certain transactions have been processed, if a scheduled transaction is not processed, when a specified balance has been reached, or when certificates of deposit (CDs) are maturing.

The amount to be paid for each bill.

A payment card issued to a cardholder that is used to withdraw cash or make purchases.

When you use an ATM/debit card to make a purchase or an ATM withdrawal that would overdraw the account.

The process that determines the identity of a party.

An agreement between a receiver and originator that allows the originator to initiate debits and/or credits to a receiver's account.

Funds transfer system governed by NACHA Operating Rules, which provide for clearing of electronic transactions between participating financial institutions.

Bill payments you want to repeat at regular intervals.

The amount of funds available to you for withdrawal or transfer. This balance is equal to the current balance minus any funds being held in reserve until transactions clear.

The amount of funds available to you for withdrawal. Available credit is equal to the credit limit minus the current balance.