Bank Terms
The person who helps people set up an account or deal with transactions in a bank
*Hint: not a cashier
*Hint: begins with the letter T
Who is a Teller?
This is when you give the bank money to be added to your account
What is Deposit?
Identification card; is a nine-digit number issued to U.S. citizens. Its a blue card, and recommended that you memorize the number.
What is a Social Security Card?
4 digit number used to access ATM machines: you create this number when you get a debit card
A. Balance
B. Pin Number
C. ATM
What is B. Pin Number?
Name of a Bank you know/heard of
Answers will vary
A place where people can save or borrow money.
What is a Bank?
To take money out of an account.
What is Withdrawal?
If you're under 18 years old, you may need what/who, to set up a bank account.
Parent/Guardian
The total amount of money in an account.
A. Balance
B. Pin Number
C. ATM
What is a Balance?
An account is what most people use for day-to-day purchases, such as groceries and gas.
*Hint: begins with the letter C
What is Checking?
When money is deposited(put in) or withdrawn(taken out)
*Hint: begins with the letter T
What is Transaction?
A card that can be used to pay for items with money from a bank account.
What is a Debit Card?
Banks usually require 3 things to open an account
1. parent signature if not 18
2. identification/ social security card
3. ???
What is Money?
Earnings automatically deposited into bank accounts
What is Direct Deposit?
The account that is best for saving money long-term. Money in this account slowly gains interest.
What is Savings?
% of money that the bank pays people for depositing money with them
*Hint: this happens to a savings account or loan
*Hint: 2 words, beginning with I___ E___
What is Interest Earned?
A machine that gives money and can be used to do other transactions.
What is an ATM machine?
One example of documentation/proof that you are who you say you are.
Answers may vary
*Driver's License/passport
*Proof of Address (bill, driver's license)
* Social Security card
There is NO charge for using this branches ATM machine.
A. Your bank
B. Other Bank
What is A. Your bank?
One question you should ask when setting up an account?
Answers will vary
Paper format to tell the bank to transfer money from your account to someone else's.
A. Checks
B. Direct Deposit
C. Automatic Deposit
What is A. Checks?
An automatic payment system where bills are paid through direct withdrawal from a bank account
A. Online Banking
B. Automatic Payment
C. Direct Deposit
What is B. Automatic Payment?
When you finish completing your account, you will receive documents that contain important information about your account. Where should you keep these papers?
What is, in a safe place/ strong box.
What does the ATM give you after you make a transaction?
What is a Receipt ?
Where can you find your routing number and account number ?