Unit 2 & 3: Banking & Investing

Front

Standard account

Back

For customers who want a reliable basic account

Front

Online account

Back

For customers with no need for in-person banking

Front

Business account

Back

For business owners

Front

Premium account

Back

For customers with large sums of money

Front

Credit card

Back

Allows customers to borrow money from a financial institution up to a certain limit

Front

Electronic funds transfer

Back

The electronic movement of money from one account to another

Front

Requiring more than one method of credential authentication to verify a user's identity for a transaction.

Back

Definition of multifactor authentication

Front

Comparing institution loan rates.

Back

First step to taking out a loan

Front

Direct deposit

Back

Allows customers to have their paycheck electronically deposited directly into their account.

Front

Overdraft protection

Back

A line of credit issued to customers to cover checks or debits exceeding the amount in their account.