Careers - Banking terms

A charge to customers by the bank for services.

• debit card

• fee

• overdraft

• pin

A purchase care that pays for a transaction by using your money.

• credit card

• credit union

• debit card

• joint account

Writing a check for more than you have in the bank.

• Interest

• Income

• overdraft

• fees

the amount of money required to be held in an account to receive a higher interest rate.

• Minimum Balance

• quarterly

• fee

• Direct deposit

A bank account shared by two people

• Credit union

• joint account

• debit card

• interest

The act of taking money out of the bank.

• withdrawal

• interest

• deposit

• fee

when your paycheck, transfer payment or refund are automatically deposited into the bank.

• insufficient funds

• interest

• direct deposit

• overdraft

Interest paid on the principal plus earned interest.

• interest

• depost

• withdrawal

• compound interest

The amount of money in your account.

• deposit

• balance

• interest

• compound interest

Insures your money in the bank up to 250k.

• ATM

• APY

• FDIC

• FCLS