Financial Literacy Vocab

Front

A thin plastic card for immediate purchases, deducting money from your account.

Back

debit card

Front

A record of checks, debits, fees, withdrawals, and deposits for a checking account.

Back

check register

Front

Fee charged by banks for ATM withdrawals

Back

ATM Surcharge

Front

Money owed

Back

Debt

Front

Fee charged by a financial institution for purchases exceeding checking account balance (typically $20-$30)

Back

overdraft fee

Front

Money added to an account

Back

Deposit

Front

Total money in account; amount owed on credit card.

Back

balance

Front

Not enough money in a checking account to make a payment or withdraw.

Back

Insufficient funds.

Front

Type of transaction moving money between accounts

Back

transfer

Front

Movement or exchange of money (deposit, withdrawal, transfer)

Back

transaction