Checking
The amount of money in your account you can spend.
What is Available balance?
A way to buy now and pay later.
What is Credit?
Money electronically sent from your employer to your bank account each pay period.
What is direct deposit?
The name of the machine into which you can insert a card and withdraw money from your account.
What is ATM - automated teller machine?
A list of planned expenses and income.
What is a Budget?
When you spend more than you have in your account this happens.
What is an overdraft?
A report listing your debts, activity on your accounts and credit rating.
What is a Credit Report?
Deductions such as medical coverage, retirement benefits, or life insurance.
What is a voluntary deduction?
A non-profit organization that offers financial services.
What is a Credit Union?
The amount of money that an individual or business earns.
What is Income?
A record of deposits, withdrawals and the balance in your account.
What is Bank Statement?
The highest credit score you can have.
What is 850?
Deductions for Federal and state taxes.
What are mandatory deductions?
The account used for putting money away for the future.
What is savings account?
Something spent as a consumer or in a business.
What is Expense?
Money the bank pays you for keeping your money in an account or the money you owe on money you borrow.
What is interest?
A charge for paying your bill late.
What is a Late Fee?
The amount of money earned, before deductions.
What is Gross pay?
The stealing of your personal information to commit crimes.
What is Identity Theft?
Income that is not used... money set aside for future use.
What is Savings?
The card you use to pay with funds out of your checking account.
What is a debit card?
The smallest payment you are allowed to make toward the balance due on your statement.
What is Minimum Payment?
"take-home" pay, or what is left after deductions are taken out of your paycheck.
What is Net Pay?
This is needed for transactions that identifies your personal number to get into an account.
What is PIN - personal identification number?
Money that is owed.
What is Debt?