Bank Accounts
The machine you use to take money out of your bank account
ATM
The amount of money currently in your bank account
Account balance
The date that payment must be made by
Due date
The item that you use to access your bank account
Debit card
Money that gets added into your account
Deposit
The person or company that the payment should be made to
Payee
A type of account that you put money away into for a rainy day
Savings account
Money that gets taken out of your account
Withdrawl
Typical ways that bills can be paid
cheque, etransfer, automatic withdrawal, etc.
A type of account that your paychecks go into
Chequing Account
When you spend more money than you have in your account
Overdraft
Amount being taken off your bill due to a discount
Credit
A type of account that is used to borrow money from the bank.
pre-authorized payment