Banking (1)
A document that shows your deposits, withdrawals, and how much money you have sitting in your bank account.
Statement
A special check written by the bank for customers who need to transfer large sums of money
Cashier's Check
This is money borrowed from the bank to secure a car.
Auto Loan
Financial Institutions that are for profit and are FDIC insured.
Commercial Bank
This card allows you to make purchases from and merchants and may require a PIN number.
Debit Card
What is the maximum amount for a money order?
$1000.00
This card allows you to make purchases but can pay back at a later date
Credit Card
What is Debt to income ratio
Amount of debt you have divided by income
When the bank charges a fee due to the account holder authorizing a transaction for more money they have within the account.
Overdraft Fee
A bank account specifically used to accumulate money
Savings Account
What happens to a check that cannot be cashed due to not enough funds in the account
Check Bounces
Where do you endorse a check
Back of the check.
A secure place to store valuables inside a banks vault
Safe Deposit Box
Money that the financial institution allows you to borrow. Must be paid back and typically with interest.
LOAN
What kind of credit card requires a deposit which helps rebuild/establish credit
Secured Credit Card
Exact duplicate of the check created by writing out the check
Carbon Copy
This is a machine that allows individuals to withdraw, deposit, transfer, and check account balance.
ATM (Automatic Teller Machine)
When your employer puts pay into the employees bank account without writing a check to the employee
Direct Deposit
Which financial institutions are privately owned and non-profit
Credit Unions
Name the 3 Credit Bureaus
Transunion
Equifax
Experian