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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