Of these, Wells, Fargo, Livingston and McKay were also on the board of American Express. Financier Edwin B. Morgan of Aurora, Cayuga County, New York, was appointed Wells Fargo's first president. They commenced business May 20, 1852, the day their announcement appeared in The New York Times.
t-account. The traditional way to record a debit and credit in one account shaped like a T.. The long line is for the account name, the left column is the debit amount, and the right column is the credit amount.
Define checking account. checking account synonyms, checking account pronunciation, checking account translation, English dictionary definition of checking account. n. A bank account in which checks may be written against amounts on deposit. n the US name for current account n. a bank deposit against which checks can be... Checking account - definition of checking account by The Free Dictionary