Banking Vocabulary Words

Terms in this set (40)

an arrangement made with a bank whereby one may deposit and withdraw money and in some cases be paid interest

a correction or change

a person who seeks to get something

automatic teller machine; used to get money from the bank

the right to do something

done without asking or done by machine

how much money is remaining

- coins and bills

- money promised by a bank to pay for something

- something paid for by a fee

- a paper that orders a bank to give money to someone as payment for an item

- blank checks contained in a book

Checking account

- bank account that uses checks instead of actual money

- something that must be followed

- money added to an account

- money put into an account

- sign your name on the back of a check so it may be used

Federal Deposit Insurance Corporation, FDIC was created in 1933 to maintain public confidence and encourage stability in the financial system through the promotion of sound banking practices

- cannot be changed

Insufficient funds

- not enough funds

- safe from loss of money

- money used to make more money

- owned by two or more people

- has not been paid

- an account that has less money than a check asks for

- a fine paid for a wrong

- waiting to occur

- a private code known by only you and your bank

- your written name shown on a bank card

- a record of a bank account shown as a notice

- a bank worker who takes in and gives out money

- move from one place to another

- strong, safe place to keep things

- money that is taken out of a bank plan

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