Give me that Money!
money market account
a type of savings account that requires a minimum balance and typically pays higher interest than a general savings account
credit card
card that uses borrowed funds from a lender to pay for transactions; money must be paid back plus interest
certificate of deposit
a form of savings that requires an amount of money for a specific time period
secured credit card
a type of credit card that may be offered to someone with poor credit; requires a refundable cash deposit
direct deposit
a paycheck from an employer is directly deposited into an employee’s checking account
insufficient funds fee (NSF)
fee incurred by obtaining a negative balance in a checking account; may also be known as a bounced check
overdraft protection
service offered by banks when there is not enough money in an account to cover all of the transactions; also a way that banks make money through charging fees
cryptocurrency
a form of digital currency where users can make direct exchanges without the need for a third party
debit card
card that can be used for transactions where the money comes directly out of the checking or savings account