Online/ Mobile Banking
The notification received if something peculiar happens with your account.
What is an unusual activity alert?
The sum of money deducted from your account.
What is a debit?
The money set aside for unanticipated expenses.
What is an emergency fund?
The application friends use to pay each other.
What is Peer to Peer (P2P) Applications?
The list of transactions prepared by your bank.
What is a bank statement?
The digital movement of money from one bank account to another.
What is an electric fund transfer (EFT)?
The check is altered so it is no longer valid.
What is a voided check?
The form you fill out when you put money into your savings account.
What is a deposit slip?
The individual code that you need to access your bank account.
What is a Personal Identification Number (PIN)?
The device found in convenience stores that allows customers to access their bank accounts.
What is an automatic teller machine (ATM)?
The digital account offering high interest rates but no physical bank.
What is a online savings account?
What is an overdraft fee?
The reinvested interest that grows exponentially over time.
What is compound interest?
The tool that allows you to put money in your account from your phone.
What is a mobile deposit?
The automatic deposit of net pay by an employer for an employee.
What is direct deposit?
This is the electronic communication that moves funds from one bank to another.
What is a wire transfer?
The person who does not have access to traditional financial services.
What is unbanked?
The type of savings accounts that allows debit card and check writing privileges.
What is a money market account?
The consumer tool that allows you to schedule and make payments on the internet.
What is online bill pay?
This protects bank accounts up to $250,000.
The digital currency that uses encryption algorithms.
What is cryptocurrency?
The writer paper record of debits and credits you keep of your accounts.
What is a check register?
The bank product that pays interest on untouched lump-sum deposits.
What is a certified deposit (CD)?
The person who has a bank account but relies on untraditional financial services.
Who is underbanked?
This tool is loaded with a specific amount before it can be used.
What is a pre-paid card?