Level One
Types of money
Currency
Number that identifies your account
Account Number
Money taken out of an account
Withdrawal
The existing amount in an account
Balance
A secret code you need to be able to use an ATM
PIN
A plan for spending one’s money
Budget
To sign your name on the back of a check
Endorse
An account where money can be spent with either a debit card or checks
Checking Account
Activity within an account, either a deposit, transfer, or withdrawal
Transaction
A card that allows an individual to charge the cost of a purchase to a credit account (instant loan)
Credit Card
A number at the bottom of a check that indicates the bank it was issued from
Routing Number
A monthly report or bill from a bank or credit card company
Statement
Works like a check where money is taken from your checking account
Debit Card
Money the bank pays you for keeping your money in a savings account
Interest
An order to pay money from your checking account to a person or company
Check
Money set aside in a bank that earns interest
Savings Account
A record of withdrawals (checks) and deposits made into an account
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