Banking 101
Accounts
Transactions
Money Management
Potpourri
100
A bank employee who performs banking services for the public, such as cashing checks and accepting deposits.
Teller
100
An account that allows you to deposit and withdraw personal money.
Personal Checking Account
100
This item allow you to spend money by drawing on funds you have in the bank.
Debit Card
100
What is the amount of money currently in an account.
Balance
100
When someone takes money or other assets from you through deception or criminal activity, they've committed this act.
Fraud
200
A place for one to keep their money safe and insured by the FDIC.
Bank
200
Writing this word across a check will disable it, ensuring it cannot be used to deposit or withdraw funds.
200
A transaction that takes money out of your account.
Withdrawl
200
An amount of money that is charged for a service, or penalty.
Fee
200
Financial transactions via the internet, such as mobile deposits, or in-app transfers.
Online Banking
300
Acronym for automated teller machine
ATM
300
A bank account that allows you to put money away to use later. If left here, your money will earn interest.
Savings Account
300
The movement of funds from one account into another (Checking -> Savings).
Transfer
300
The act of doing business a bank.
Aka: making deposits and withdrawals.
Transactions
300
What is this document called?
Check Register
400
This piece of paper directs a bank to pay a specific sum of money to the bearer.
Check
400
A savings or checking account set up in more than one person's name
Joint Account
400
Earnings automatically deposited into a bank accounts.
Direct Deposit
400
This may occur when a payment is authorized and there's not enough funds in your account to fully cover the transaction.
Overdraft Fee
400
Benefits an account offers to its members, such as free checks, cash back, or student accounts.
Account Perks
500
A financial cooperative owned by its member to serve its members.
Credit Union
500
The amount of money a bank pays a depositor for holding their money with that bank.
Interest
500
A small paper form that a you'd fill out and include when depositing funds into your account.
Deposit Slip
500
A record you receive summarizing your account activity over a set period of time.
Statement
500
This is what you call your signature on the back of a check, which is needed to deposit or cash your funds.
Endorsement