Pay Stubs
Includes employees name, address, social security # or employer identification number
Personal Identification
The amount of money present inyour bank account
Balance
Spending more money than you have in your account.
Overdraw or Overdraft
You take $50 out of your bank account
Withdraw
Starting balance: $480
Transactions:
Deposit $120
Withdraw $75
Withdraw $45
Question: What is the final balance?
$480
The time period you are being paid for.
Pay Period
Money taken from your bank account.
Debit
Statement that is mailed monthly and may have a fee
Paper
You take money from your account without going inside the bank using this machine
ATM
Starting balance: $650
Transactions:
Withdraw $200
Deposit $85
Withdraw $60
ATM fee $3
Question: What is the final balance?
$472
The amount an employees gets paid per hour.
Hourly Rate
Money added to your account
Credit
Statements available anytime, eco-friendly and easy to download
Online
You use this card to take money from an ATM
Debit
Starting balance: $725
Transactions:
Deposit $150
Withdraw $220
Debit purchase $85
Deposit $60
Question: What is the final balance?
$630
Your take-home pay
Net Pay
Money you put into a bank account
Deposit
When someone tricks or deceives you to gain a dishonest advantage – usually money, goods, services or property
Fraud
Moving money from checking to savings
Transfer
Starting balance: $540
Transactions:
Withdraw $120
Deposit $200
Withdraw $95
ATM fee $4
Debit purchase $60
Question: What is the final balance?
$461
The money you earned during the pay period before anything is taken out of it.
Gross Pay
Removing money from your account
Withdrawal
A summary of all the money that went into and out of your bank account over a certain period
Bank Statement
This account is used to save money and earn interest
Savings
Starting balance: $900
Transactions:
Deposit paycheck $350
Withdraw $275
Grocery purchase $142
Deposit $60
Bank fee $8
Question: What is the final balance?
$885