Banking Terms Part 1
A machine that allows customers to get cash
What is an atm?
A number based on information on credit reports and predicts payments of bills and debts as agreed.
What is a credit score?
A number or code that protects the security of an account
What is a pin?
A plan that helps you decide what to spend for a certain period of time, usually within a month.
What is a budget?
What is balance?
Document that contains your credit history and your track record of paying your debts.
What is a credit report?
A banking card that can be used to purchase goods and services electronically.
What is a debit/credit card?
The most expensive city to live in the US(2023)
What is San Diego?
To take money out of an account
What is a withdrawal?
___ is the lowest score you can have.
What is a 300?
Money put into a bank account
What is a deposit?
The best way to reduce your credit card debt and boost your credit score.
An account that allows you to deposit money and write checks on that account.
What is a checking account?
A credit score of 800-850 is considered _____.
What is exceptional?
A bank account that allows you to put money away to use later, the bank pays interest.
What is a savings account?
When you get employed, you should set up _____ _____ with your bank and employer so that your check automatically goes to your bank account on payday.
What is direct deposit?
The money a bank pays for the use of a person's saving balance.
What is interest?
_____ ______ is when someone has no credit report or score.
What is credit invisible?
A payment system where bills are paid through direct withdrawal from a bank account.
What is an automatic payment?
______ is a legal process when someone can't pay back their debts.
What is bankruptcy?