Banking Terms
What is an ATM?
An automatic teller machine (ATM) is an electronic device that allows customers to perform financial transactions without the need for direct interaction with bank staff.
When you deposit money into a savings account at the bank, what does the bank give you?
Interest
If you like to take out money a lot, what account fits you?
Checking account
When you get a loan, you have to pay what on the money?
Interest
You want an account to save you money, what account fits?
Savings account
a set of unique numbers used to prove a person's identity or for other authentication purposes. For instance, these are used with automated bank teller machines, telephone calling cards, and Wireless networks.
PIN
When does the bank pay interest?
At the end of every month or twice a year
Is interest good when you take out money?
No
What is a banking service charge?
fees imposed by banks or other financial institutions to cover the administrative costs associated with providing various banking services and maintaining accounts.
What does month interest mean?
you get paid interest every month on the money you have in your account
When you leave money or add money in your savings account, what does a bank give you?
Give you good interest