At the Bank
Allows a person to manage a bank account holder's funds through actions such as withdrawing or depositing money, viewing account balances, etc.
ATM
A written, dated, and signed order to the bank that tells it to pay a definite sum of money to a payee
Check
A bank product that earns interest on a lump-sum deposit that's untouched for a predetermined period of time
Certificate of Deposit (CD)
An automatic electronic deposit of net pay to an employee's designated bank account
Direct deposit
A fee charged to your account when it lacks the funds to cover a withdrawal, but the bank allows the transaction to go through anyway
Overdraft fee
A monthly document prepared by your financial institution which shows all of the transactions related to your account
Bank statement
A record that allows you to keep track of checks you have written, ATM/debit card transactions, as well as deposits and withdrawals
Reinvesting earned interest back into the principal, so that interest is calculated on both the initial amount and the accumulated interest
Compound Interest
A mobile banking tool that allows you to deposit checks to your bank account using your mobile device
Mobile deposit
A certain amount of money that must be kept in an account as required by that particular financial institution
Minimum balance
The amount of money you have in your bank account
Balance
A card that is directly connected to your checking account; it enables you to conduct ATM transactions and to make purchases instead of using cash or writing a check
Debit card
Money set aside for unanticipated expenses or loss of income
Emergency fund
A consumer banking technology that allows you to schedule and make payments over the internet
A monthly fee that some banks charge to provide access to checking or savings accounts
Maintenance fee
Money you put into your account
Deposit
A notification that lets you know if the balance in your checking account goes below a set amount
Low balance alert
A fee paid to you for keeping your money in an account OR a fee charged to you for a loan or credit card
Interest
A plastic card that allows you to make purchases now with borrowed money, which then you must repay to the lender in one lump sum or in monthly payments with interest
credit card
A notification that lets you know if the balance in your checking account goes below a set amount
Low balance alert
Protection provided by the Federal Deposit Insurance Corporation; protects the deposits of customers against loss up to $250,000 per account
FDIC Insurance