Banking Services
A bank account used to pay bills and access funds using checks and debit cards.
What is a checking account?
A machine that allows bank customers to deposit or withdraw money without visiting the bank.
What is an ATM(Automated Teller Machine)?
The current amount of money in an account, or that is owed to a business or loan.
What is the balance?
An electronic transfer of money from one account to another; often used by employers to pay employees.
What is direct deposit?
A business agreement or exchange.
What is a transaction?
Money borrowed that must be repaid, usually with interest.
What is a loan?
This word means to take money out of the bank.
What is to "withdraw?"
An investment that earns interest over a specific period of time.
What is a certificate of deposit(CD)?
The amount of money placed into an account after all deductions, such as cash back, are made.
What is "net deposit?"
Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
What is interest?
A service that allows customers to perform banking activities using their phone or the internet.
What is online banking?
This word means to put money or checks into your bank account.
What is to "deposit?"
A card that allows customers to electronically and immediately withdraw funds from their accounts, either in cash or to purchase goods and services.
What is a debit card?
The money people earn for their work.
What is income?
Something, typically money, that is owed or due.
What is "debt?"
A bank safe where documents, jewelry, or other valuables can be kept.
What is a safe deposit box?
A business that offers money-related services to its customers, including loans and checking and savings accounts.
What is a bank?
A card that allows the holder to buy goods and services by taking out a bank loan.
What is a credit card?
A check recieved for work completed.
What is a paycheck?
Payments made online or using an app that allows the user automatically debit a bank account without having to use the debit card. Often used on E-Commerce payments such as Amazon or Ebay.
What is an electronic payment?
An account that usually earns interest and is often used to hold money that is not needed right away.
What is a savings account?
Any company that sells goods and or services.
What is a business?
A written record of money put into a checking account.
What is a deposit ticket?
A system that guides how money is earned and used in a society.
What is the economy?
A financial institution owned by its members that provides the same services as a bank.
What is a credit union?