Banking Terms 0.0 / 5 ? AccountingBanking TermsASAQA Created by: KatyX97Created on: 04-04-15 12:41 Drawer Person/Business using a cheque for payment 1 of 10 Payee Person/Business to whom cheque is made payable 2 of 10 Standing Order Authority given to bank to make fixed, regular payments on behalf of customers 3 of 10 Direct Debit Authority given to third party for fixed or variable amounts to be paid to that third party 4 of 10 BACS Bankers Automated Clearing Services. Computer system for making payment transfers 5 of 10 Credit Transfers Where money is paid directly from bank account to bank account 6 of 10 Bank Giro Credit Paying-in slip 7 of 10 Bank Charges Charge made by bank for maintenance of bank account 8 of 10 Dishonoured Cheques Cheques which are not met by drawers bank- usually due to insufficient funds or because drawer has 'stopped' the cheque 9 of 10 Lodgements Payments made into the bank 10 of 10
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