Financial Internship (chapter 5) Vocab Test

A computer terminal in which you can deposit cash and checks into your account or withdraw cash from your account 24 hours a day, 7 days a week.

• Drive thru Teller

• Checking Account

• Automated Tech Machine (ATM)

• Automated Teller Machine (ATM)

A written contract between you and your bank. When you write a check, you’re asking the bank to take money from your account and give it to someone else.

• ATM

• Check Account

• Saving

• Check

An account that allows you to write checks to pay bills and buy goods. The financial institution will send you a monthly statement that lists the deposits, withdrawals, and purchases you made

• Deposit Account

• Checking Account

• Saving Account

• Business

A booklet to write down all of your deposits and withdrawals from your account, including fees and monthly charges.

• Checking Account

• Business Account

• Check Register

• Business Register

A card that allows you to deposit cash into and withdraw money from your checking account at many Automated Teller Machines (ATMs), and make purchases at retail locations that accept credit cards (e.g., department stores or gas stations).

• Debit Card

• Credit Card

• Secure Loan

• Check card

• Gift Card

A transaction in which money is added to your account (e.g., you deposit money, the bank pays you interest, or a check is direct deposited into your account).

• Load

• Deposit Slip

• Withdrawal

• Deposit

A slip used to let the teller know how much money you’re depositing.

• Transaction

• Direct Deposit

• Deposit Slip

• Direct Deposit Slip

An electronic method for transferring and depositing money directly into your account.

• Direct Deposit

• Automatic withdrawal

• Bank Deposit

• Online Banking

The act of signing the back of a check so that you can deposit or cash it.

• Endorsement

• Restrictive Endorsement

• Select Endorsement

• Special Endorsement

The use of computers to move money to and from your account, instead of using checks and other paper transactions. Electronic banking includes debit card transactions, electronic bill pay, and Automated Teller Machine (ATM) transactions.

• Online Banking

• Electronic Banking

• Electronic Bill Pay

• Direct Banking