18 terms

Banking

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Terms in this set (...)

ATM (Automated teller machine)
A machine that allows you to make banking transactions without the need of a bank teller.
PIN (Personal identification number)
A secret 4 digit number that only you know. Can be used at an ATM.
Bank
A financial institution where people can deposit their money to keep it safe.
Teller
Is a person that helps you behind the counter at the bank.
Deposit
To put money into your account.
Withdrawal
To take money out of the account.
Savings Account
A bank account that allows you to save your money.
Checking Account
A bank account that allows you to deposit and withdrawal money and write checks.
Check
A written form used to pay for purchases from your checking account. It must include date, amount, and your signature.
Deposit Slip
A form you complete to put money into your account.
Check Register
A small notepad that you with the purpose of tracking your checks, deposit, and current balance.
Account Balance
The exact amount of money in your account.
Fees
Charges for services by a bank.
Debit Card
A special card issued by a bank that looks like and is treated like a credit card however, when used the amounts of the purchase is subtracted from your account.
Online Banking
A service that allows you to handle banking activities by computer, using the internet.
Budget
A monthly or yearly spending and saving plan developed by you.
Income
Amount of money received during a period of time.
Endorse
To sign the back of a check that is written to you.

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