18 terms

BANKING

STUDY
PLAY

Terms in this set (...)

ATM
automatic teller machine
bank
a place where you can keep money safe
teller
a person who works in a bank and helps customers
cheque
a paper that you write to pay someone
credit card
a card you use to pay with the bank's money
debit card
a card you use to pay with your money
money order
A way for people with no chequing account to send money by mail
deposit
to put money into a bank account
withdraw
to take money out of a bank account
receipt
a paper that shows your deposit
balance
amount of money in your bank account
borrow
ask for money but give it back later
lend
give money that you get back later
currency exchange
change money from one country to money from a different country
bank account
a place to keep your money in a bank
chequing account
a bank account that lets you write cheques
savings account
a bank account that earns interest
interest
the extra money you get from the bank because you let them use your money OR the extra money you pay when you borrow from the bank.

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