Intro to Banking

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What is Online Banking?

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Online Banking is a service that allows customers to conduct financial transactions via the internet, providing access to their bank accounts from anywhere.

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What is a Checking Account Number?

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A Checking Account Number is a unique identifier assigned to a customer's checking account, used for transactions and tracking.

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What is Online Access in banking?

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Online Access refers to the ability to manage bank accounts and perform transactions electronically through the bank's website or app.

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What is an ATM (Automated Teller Machine)?

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An ATM is a machine that allows customers to perform banking transactions such as withdrawals, deposits, and balance inquiries without the need for a bank teller.

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What is a feature of a Checking Account?

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A feature of a Checking Account is that it allows customers to write checks and make payments directly from their account.

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What is a Personal Loan?

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A Personal Loan is a type of unsecured loan that individuals can use for various personal expenses, typically requiring repayment with interest.

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What is a Debit Card?

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A Debit Card is a payment card that deducts money directly from a consumer's checking account to pay for a purchase.

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What is Direct Deposit?

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Direct Deposit is an electronic transfer of a payment directly from the payer's bank account to the recipient's bank account.

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What is a Savings Account?

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A Savings Account is a deposit account held at a financial institution that provides a modest interest rate and is used for saving money.

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What is a Safe Deposit Box?

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A Safe Deposit Box is a secure container located in a bank that is used to store valuable items and documents.