BANK 1
A person you see at the bank that will help you deposit or withdraw your money.
What is a teller?
Two types of banking cards.
What are debit and credit cards?
Statement of money you owe a person or company.
What is a bill?
This is a written order to the bank to pay money from your account.
What is a check?
The amount of money you have in your chequing account.
What is balance?
This account is used for everyday banking.
What is a chequing account?
ATM
What is Automated Teller Machine?
When you put money into your account...
What is a deposit?
A convenient place to keep money that you will need soon.
What is a chequing account?
Getting a bank account is called....
What is opening the account?
You must do this to every check to activate it.
What is a signature?
You use this card for cash advances.
?What is a credit card
Smallest amount the bank will allow you to deposit; usually used when you open your account for the first time.
What is a minimum deposit?
Money that the bank pays you for keeping your money at their bank.
What is interest?
A chequing account for one person only.
What is an individual account?
smallest deposit
What is minimum?
You need this to open an account.
What is an ID?
You are charged this fee when you take more money from your account than you have.
What is overdraft fee?
A chequing account that is shared by two people.
What is a joint account?
Once a month you will get this record from your bank listing all the deposits, cheques, and withdrawals you have made.
What is a bank statement?
Deposits, checks, and withdrawals in/out of your account.
What is a transaction?
APR
What is annual percentage rate?
Electronic transfer of money between two individuals.
What is E-transfer?
Cheque is returned because of insufficient funds in your account.
What is a bounced cheque?