Bank Services Vocabulary

A card that looks like a charge card, but results in an immediate withdrawal from your account. It's use requires a personal identification number (PIN).

• Debit Card

• Direct Deposit

• Prepaid Card

• Smart Card

Used to check balances, make transactions and payments, and apply for credit using a mobile device such as a smart phone or personal digital assistant.

• Mobile Ticketing

• Mobile Banking

• Automated Teller Machine

• Electronic Commerce

Occurs when a purchase is made for which there are non sufficient funds in the checking account.

• Money Order

• Electronic Payment

• Overdraft

• Notary Service

Any deposits that have not yet been recorded by the bank.

• Processing check

• Direct deposit

• Canceled check

• Deposits in transit (DIT)