chartered bank - a private bankA private bank operated under the authorization of the government of Canada, Credit Union - A financial institution that is owned by its members and organized for their benefit, The Bank Act - A law in Canada that establishes rules for the operation of financial institutions., Bank of Canada - The central bank of Canada., Branch - An office of the bank in a neighbourhood., Bank Subsidiary - A bank office operated in one country where the major part of the bank is in another country., Bank rate - The interest rate the Bank of Canada uses when it lends money to other banks., Bank Account - An account in a bank (eg savings, checking), Direct Deposit - An automatic deposit of money into an account eg paycheck, Point-of-sale - Store or other locations where products are sold to the final consumer, Passbook - A booklet given by the bank to the depositor to record deposits, withdrawals, and interest earned., Bank draft - A check drawn from one bank on another, Cash back - Money you get back for a percentage of what you spent. Eg credit cards or point cards., Post dated check - A check with a future date on it, Mobile banking - Banking on your phone, Overdraft protection - A loan made to an account if the balance will not cover the checks written., Line of credit - The maximum amount of money the bank will allow you to borrow, Credit - An arrangement to receive money now and pay for it later., Debit Card - A card (usually plastic) that lets you take money directly from your account,

Banking

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