Accounts - Places to hold money, Financial situations - People have spend, earn and save money differently, depending on their living situations, Deposit - Put in money into your bank account, Withdraw - Take money out from your bank account, Transfer - Move money between bank accounts, Transactions - Deposit into, transfer from or withdrawal money from your bank account, Automated Bank Machine (ABM or ATM) - A machine in the wall where you can withdraw or deposit money, or check your account balances., Savings account - Account where you can save money and the bank gives you interest on the money you save., Interest (for bank) - Money that is paid to borrow money or to keep money in a bank account. Usually in %, Account balance - How much you have in your bank account, Routine transactions - Regular transactions (e.g. deposit and withdrawing money), Chequing accounts - Bank accounts that let you write cheques on the account balance., Cheque - A form of paying money, Cashed (verb: to cash) - Deposit money into an account or to trade a cheque for money, Overdraft - When you don’t have enough money in your account to do the withdraw, Overdraft protection - The bank will allow cash to be withdrawn even if you do not have enough money. The bank will charge you interest on the overdraft, NSF Cheque - Non-sufficient fund cheque. A bounced cheque. When you don’t have enough money for a cheque to be cashed., Bounced cheque - A cheque that will not be processed by the bank because you don’t have enough cash in the bank account,
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Aygreenwoodss
Gr 11
English
Math
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