Financial Literacy Vocabulary

A computer terminal that allows the user to access basic bank services, such as making deposits and cash withdrawals from remote locations, twenty-four hours a day.

Going through a process of making your bank statement balance AGREE (be consistent) with your checkbook register.

The use of a digital device to conduct online financial related transactions.

The lowest or smallest amount of money that can be kept in your bank account without receiving a fee.

The process of signing the back of your check before it is deposited into your bank account. This can be done in one of four different ways: Blank, Special/Full, Corrective, and Restrictive.

APR on your bank account balance stands for...

An electronic transfer of a payment directly from the bank account of the payer to the recipient's account. An example of this might include having your paycheck automatically added to your checking.

The act of moving your money from your savings account to your checking account is called...

Money deducted from an account is known as a...

An exchange in which goods, services, or money are passed from one person or account to another.