Bank Vocab 1
A number that identifies your account
Account number
Money the bank pays you for keeping your money in a savings account
Interest
To sign your name on the back of a check
Endorse
.4
40%
Total is $38.00 and paid with a $50 bill. What is the change? What bills do you need to make the change?
$12
one $10
two $1
A plan for spending money
Budget
The existing amount in an account
Balance
Personal Identification Number - secret code to access your account
PIN
.62
62%
Total is $72.50 paid with a $100 bill. What is the change? What bills do you need to make that change?
$27.50
one $20
one $5
two $1
two quarters
An account where money can be spent with either a debit card or checks
Checking account
A specific written order to pay money from your checking account to a person or company
Check
Money taken out of an account
Withdrawal
.06
6%
Total is $98.75 and paid with a $100 bill. What is the change? What bills and coins do you need to make that change?
$1.25
one $1
one quarter
Types of money
Currency
A card that allows an individual to make a large purchase and pay it off later (instant loan)
Credit Card
A monthly report from a bank or credit card company
Statement
.3
30%
Total is $7.25 paid with a $10 bill. What is the change? What bills and coins do you need to make that change?
$2.75
two $1
3 quarters
Adding money to an account
Deposit
A check card where money is taken from your checking account with money you already have
Debit card
A number at the bottom of a check that identifies the bank
Routing number
.82
82%
Total is $31.25. Paid with a $50 bill. What is the change? What bills and coins do you need to make that change?
$18.75
one $10
one $5
three $1
three quarters