Banking Vocabulary

A bank is ..

• a school

• a store

• an institution

An expense that can go up or down in price is a

• variable expense

• fixed expense

• income

• ATM

Making a _______ helps to stay on track to afford/pay for all your expenses.

• income

• direct

• budget

• withdrawal

A comic book, a car, a new tv or a new gaming device are all considered....

• fixed income

• discretionary expenses

• ATM

• debit

A minimum balance is...

• the most you can keep in your bank account.

• a loan

• a fee

• the least amount of money needed to keep in your account before you are charged fees.

A bank account is....

• only for adults.

• for your dog.

• a place to keep your money safe.

• an unsafe place to put your money.

When you take money out of your account, it is called a....

• loan

• fee

• withdrawal

• investment

You use your checking account to pay for....

• monthly expenses

• save money for a big expense

• to pay for daily expenses

• fees

Banks charge _________ if your balance falls below a certain amount.

• fees

• interest

• discretionary

• deposit

The balance on your account is.....

• how much you've spent

• the activity you've done on your account.

• how much money is in your account.

• used at ATMs