Describe the Term
Personal number to protect your card and account
Pin
Checking Account
Demand deposit account subject to withdrawal of funds by check.
Interest bearing deposit account
Savings Account
ATM Fees
Charge on your card to have permission to use the machine
A percentage that is added, deducted, or charged to your account.
Interest
Payment automatically enters checking account
Direct Deposit
Overdraft
amount of money withdrawn from a bank account is greater than the amount actually available in the account
Monthly form from the bank that tracks all transactions
Bank Statements
Bank Statements
Monthly form from the bank that tracks all transactions
Write and track all withdraws to balance at the end of the month
Check Register
Type of payment that automatically takes money out of your account after a purchase
Debit Card
Debit Card
Type of payment that automatically takes money out of your account after a purchase
Obtain account information & manage banking transactions through personal device
Online Banking
Interest
A percentage that is added, deducted, or charged to your account.
Adds interest rate from savings each month
Certificate of Deposit (CD)
Funds are electronically transfer from checking account
Online Bill Pay
FDIC
Congress agency to protect banks and members
amount of money withdrawn from a bank account is greater than the amount actually available in the account
Overdraft
Check Register
Write and track all withdraws to balance at the end of the month
Protects bank account to fall below zero
Overdraft Protection
Bank’s assurance that they will stand behind a check or another transaction
Endorse
Certificate of Deposit (CD)
Adds interest rate from savings each month
Charge on your card to have permission to use the machine
ATM Fees
Direct Deposit
Payment automatically enters checking account
Congress agency to protect banks and members
FDIC