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Banking

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Terms in this set (35)

A banking service allowing a customer's money to be handled and tracked. Common bank accounts are savings and checking accounts.

Automated Teller Machine (ATM)

A specialized computer used by bank customers to manage their money, for example, to get cash, make deposits, or transfer money between accounts.

Available balance

The amount of money in your account that you can use or withdraw. Your available balance may not reflect all transactions that you have made, for example checks you have written that have not yet been paid from your account.

Bad or bounced check

See non-sufficient funds

A financial institution that handles money, including keeping it for saving or commercial purposes, and exchanging, investing, and supplying it for loans.