Cards
This card lets you pay for purchases by deducting money from your checking account.
A Debit Card
Exchanging a check for the full amount in cash.
Cashing a Check
An account that allows you to deposit, withdraw, and transfer funds for everyday financial transactions.
A Checking Account
Machines that disperse cash and allow you to make other banking transactions.
An ATM
This card can only be used to withdraw money from an ATM machine.
An ATM Card
A written, signed, and dated legal document that instructs a bank to transfer money from one account to another.
A Check
This account allows you to store money and earn interest while keeping it safe.
A Savings Account
A plan you write down to decide how you will spend your money each month.
A Budget
This card allows you to borrow money from a financial institution to make purchases or withdrawal cash.
A Credit Card
A pre-paid form of payment that can be used to send money or make payments.
A Money Order
The total amount of money in a bank account at a specific time.
An Account Balance
You can purchase this form of payment at a grocery store.
A Money Order
This type of card requires a pin number to be used.
A Debit Card
When a bank refuses to honor a check because the account holder doesn't have enough funds to cover it.
A Bounced Check
Used to distinguish one account from another within the same bank, and to help manage transactions to and from the account.
An Account Number
The amount a lender charges a borrower to borrow money. It is a percentage of the amount loaned.
The Interest Rate
Tiny metal processors that make it harder for thieves to use stolen card numbers.
Smart Chips
A person or organization that received money from another party, or payor, during a financial transaction.
A Payee
A fee from the bank when you make a purchase that exceeds the amount of money in your account, but the bank allows the transaction anyway.
An Overdraft Fee
A three-digit number that predicts how likely you are to repay debt and pay bills.
A Credit Score