Financial Institutions/ Shopping for Financial Institutions
Bank Accounts
Writing Cheques
Shared ABM Networks
Other Financial Services
100
Money borrowed from a bank.
What is a loan?
100
A place to hold money and keep it safe.
What is a bank account?
100
Another way to exchange money without using legal tender
What is a cheque.
100
Banks that is availible 24 hours a day and is easily done at home.
What is online banking?
100
A convinieny card used where you can pay later.
What is a credit card?
200
Money gained from the money you have saved in the bank.
What is interest?
200
A machine to quickly withdraw money.
What is a ABM?
200
The person who writes out the cheque and gives it to somewone else.
What is a payee?
200
A type of card used as direct payment. (not a credit card)
What is a debit card?
200
Writing a cheque for more money than you have in your account.
What is an overdraft.
300
When banks establish themselves in foreign countries.
What is branch banking?
300
An account in the name of two or more people.
What is a joint account?
300
A delay before you can turn the cheque into cash.
What is a hold?
300
An online banking company that starts with ING
What is ING DIRECT?
300
When funds get transfered directly to an account.
What is a direct deposit?
400
All the money in circulation of a bank.
What is the money supply?
400
Security code for your bank card.
What is a PIN?
400
What somewone does when they dont want their cheque cashed.
What is a stop payment?
400
Being able to bank anywhere, even in your house. (not online banking)
What is telephone banking?
400
Borrowing money and paying it back at a specific time.
What is a term loan?
500
An act put into place in 1871 that outlines all the rules canadian banks must follow.
What is the Bank act?
500
An account for savings and expenses.
What is a combination account?
500
Putting a date on a cheque that ls later than the actual date when the cheque was written.
What is postdateing?
500
Semething that lets you deposit or drop off important documents at any time.
What is a night depository chut?
M
e
n
u