Checking Account - Where you can keep your money and access when needed, Savings Account - Where you want to keep your money so you can earn interest off of it. , Transaction - Any activity on your account such as withdrawal, deposit, Deposit - Adding money to your account, Withdrawal - Taking money out of your account, Overdraft Fee - Fee for not having enough money in your account, Bank Statement - A monthly record of all deposits, withdrawals, and fee, Direct Deposit - your paycheck automatically goes into your checking account, Interest - You earn this on deposits to your savings account, FDIC - Insurance on your deposits up to $250,000, Federal Reserve - The nation's bank, Credit Union - A bank for member's only. Usually has lower fees., Commerical Bank - A for-profit bank that offers many services., Debit Card - A card that withdraws money directly from your checking account when used, Credit Card - A card that acts as a loan. You get a monthly statement and must make payments on the balance owed., Endorsing a Check - Signing the back of the check enables you to deposit it into your account, Restricted Check Endorsement - You specify what account the check must be deposited into., Peer to Peer Payment (P2P) - Electronic transfer of funds between 2 people, Routing Number - The first set of numbers on a check that specify the bank branch and location where you opened your account, Digital Wallet - An app that allows you to store payment information and other important data on your phone,

Checking Account Terms

etter
Skriv ut
Innebygd

Ledertavle

Visuell stil

Alternativer

Bytt mal

Gjenopprett automatisk lagring: ?