Debit Card
Getting cash in addition to your purchase at a store. The cash is added to the amount you pay at the store ($1 candy + $20 cash = you pay $21 at the store)
Cash back
The full amount you owe on that month's credit card bill (this is how much you used the credit card the month before).
Total payment
Maximum amount of money you can take out of the account at one time. Usually around $10,000
Maximum number of times you can take money out of the account per month. By US law, you can only take money out of a savings account 6 times each month
Withdrawal limit
Subway line Bii lives closest to in NYC
1 train
The password for your debit card
PIN (personal identification number)
The smallest amount you can pay on your credit card bill to avoid being charged for not paying. Usually is about $30. NEVER PAY ONLY THIS AMOUNT EACH MONTH.
Minimum payment
Having money for a bill withdrawn from your account when it's due, without having to manually pay it each month
Automatic bill pay
How much money you have (bank account) or how much money you owe (credit card)
Current balance
City with the most expensive subway line per mile
NYC
Amount that you are charged for using an ATM that doesn't belong to your bank. Can be a flat amount like $5 per withdrawal, or a percentage of what you take out
ATM fees
The interest rate on your credit card. This is interest OWED on what you don't pay off when the bill comes.
APR (Annual percentage rate)
When your job (or the IRS) puts money into your bank account instead of giving you a paper check
Direct deposit
Amount you have to pay the bank each month in order to have this account (can apply to savings and checking accounts). Sometimes you can avoid this if you follow specific rules for the account
Maintenance fee
Oldest metro system in the world
London Underground
How quickly the money is taken out of your checking account when you use your debit card
Instantly (or on Monday if purchases happened on a weekend)
The amount of money you are allowed to borrow using your credit card.
Credit line
Papers with your bank info on them, that you can use to pay people/bills. Sometimes you have to buy them from the bank
Paper checks
Amount of money you should have saved up for emergencies
4-6 months' income/expenses (be able to live 4-6 months with no income)
Largest metro system by route length
Shanghai (China) Metro or Seoul (South Korea)
When you get charged for purchases you did not make. Often you have to cancel your card and get a new one (applies to debit and credit cards)
When you take money out of an ATM using your credit card. This usually comes with a fee of about 25% what you're taking out.
Cash advance
The money your bank charges you if you don't have enough money to pay for a purchase. (Ex: you only have $10 in your account, and you used your debit card for $15 worth of McDonald's - your account goes to $-5. Your bank charges you $35 for not having that extra $5)
Overdraft fee
The interest rate you earn for having your money saved at this bank (this is money you GET). Ranges from 0.01% to 2% (go for the 2%!)
APY (annual percentage yield)
Deepest underground subway station
Arsenal'na station, in Kyiv, Ukraine