NGPF Banking Concepts

Front

Checking Account

Back

A bank account for daily transactions

Front

Savings Account

Back

A bank account for saving money with interest

Front

Overdraft

Back

Spending more than the account balance

Front

ATM

Back

Automated Teller Machine for cash withdrawals

Front

Debit Card

Back

Card for direct access to checking account funds

Front

Credit Card

Back

Card for borrowing money up to a limit

Front

Interest Rate

Back

Percentage charged on borrowed money

Front

FDIC

Back

Federal Deposit Insurance Corporation, insures deposits

Front

Online Banking

Back

Managing bank accounts via the internet

Front

Mobile Banking

Back

Managing bank accounts via smartphone apps