This is a payment method that’s connected to your checking account.
What is a debit card?
It is a statement of money you owe a person or company.
What is a bill?
It is a payment method allowing users to purchase goods or services or withdraw cash on credit.
What is a credit card?
Putting money into your account.
What is deposit?
An account you open where you can keep money that you will need soon.
What is a checking account? / What is a current account?
Getting a bank account.
What is opening an account?
Borrowed money that is received now but needs to be paid back, often monthly, with interest added.
What is a loan?
A loan that is used to buy real estate and is generally paid back over a long period of time.
What is a mortgage?
It is a sum deducted from a bank account.
What is a debit?
It is an asset or property that a borrower offers as a way to secure a loan. If the borrower fails to repay the loan, the person who gave the money can take this as a form of compensation.
What is a collateral?
The maximum amount of money you can borrow with a credit card. The company that gives you the credit card decides what it is.
What is a credit limit?
If you write a check for more than your balance, your account will be this.
What is overdrawn?
A checking 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 deposit, checks, and withdraws you have made.
What is a bank statement?
Deposits, checks, and withdraws in/out of your account.
What is a transaction?
Checks that have been paid by the bank.
What is a canceled check?
Making sure your statement is correct and agrees with your checkbook record.
What is reconcile?
A check that is returned because of insufficient funds in your account.
What is a bounced check?