Banking Vocabulary

acronym for "automated teller machine"

A business that keeps money save for customers, lends money to borrows and provides other financial services

An account that allows you to deposit money and write checks on the account

the money a bank pays for the use of a person's money.

A bank account that allows you to put money away to use later. The bank pays interest in exchange for use of the money in the account.

The name for a financial cooperative owned by it's members that offer the same services as a bank.

Payments made through atm/ debit cards at stores and restaurants.

earnings automatically deposited into bank accounts

Which of the follow is something NOT to consider when choosing a bank?

• location

• fees

• how pretty the debit card it

• restrictions

Money deposited at a bank or credit union for safekeeping is called an...