Banking Vocab: Study Guide 1

A

1

An automated teller machine that allows you to access your money and bank accounts is called what?

ATM

2

to carry out a business exchange

transaction

3

a unique series of characters used to identify a user and allow access to a computer system, network or online account

username

4

a nine-digit code that's based on the US bank location where an account was opened.  It is the first set of number on the bottom of a check

routing number

5

A small, thin piece of material with tiny electronic parts found on the front of a debit or credit card

microchip

B

1

To put money into the bank

Deposit

2

a secret word or phrase that must be used to gain access to a computer system, network or online account

password

3

A personal identification number given to someone to make electronic transactions with a debit card.

PIN

4

something used to show who a person is

identification

5

the amount of money on hand

balance

C

1

questions, only you would know the answer to, used for online banking to help keep your account secure

security questions

2

Moving money from one account to another account

Money Transfer

3

a money transfer scheduled on a particular date to pay a recurring bill

automatic bill pay

4

an electronic check connected to a checking account

eCheck

5

a booklet where withdrawals and deposits for a checking account can be recorded

transaction register