Financial Literacy Vocab

Front

A card for purchasing that withdraws money directly from your bank account.

Back

debit card

Front

Convenience fee

Back

Fee added to online purchases

Front

A ____________ is used to buy goods on loan from a bank, repayable with interest.

Back

credit card

Front

Types of payment instruments: money order, atm card, check, cashiers check.

Back

check

Front

Bought for exact payment amount, sold by banks, post offices, and merchants.

Back

checking account

Front

A bank-guaranteed payment method.

Back

cashier check

Front

Savings Account

Back

a bank account for special occasions and emergencies.

Front

debt

Back

amount of money you owe

Front

Bank charge for writing checks without funds.

Back

overdraft fee

Front

Money paid for borrowing from a bank or credit card.

Back

interest