5th Grade Financial Literacy BizTown Vocab

Front

ATM (automated teller machine)

Back

A machine that allows bank customers to deposit or withdraw money without visiting their bank.

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Balance

Back

The current amount of money in an account.

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Bank

Back

A business that charges customers for money-related services.

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Business

Back

A company that sells goods or services.

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Check

Back

A written order to a bank to pay a certain amount of money from a checking account to another person or business.

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Checking account

Back

A bank account used to pay bills and access funds using checks, debit cards, and electronic payments.

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Civics

Back

The study of governments, public processes, and the rights and duties of citizenship.

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Credit card

Back

A card that allows the holder to buy goods and services by taking out a bank loan.

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Credit union

Back

A financial institution owned by its members that provides many of the same services as a bank.

Front

Debit card

Back

A card that allows customers to electronically and immediately withdraw funds from their accounts, either in cash or to purchase goods or services.