JA Biztown- Why Go to the Bank?

A bank account used to pay bills and access funds using checks and debit cards.

• checking account

• credit card

• credit union

• economy

A card that allows the holder to buy goods and services by taking out a bank loan.

• credit union

• savings account

• credit card

• safe deposit box

A financial institution owned by its members that proves many of the same services as a bank.

• economy

• checking account

• credit union

• loan

A card that allows customers to electronically and immediately withdraw funds from their accounts, either in cash or to purchase goods or services.

• online banking

• safe deposit box

• online banking

• debit card

A system that guides how money is earned and used in a society.

• debit card

• economy

• savings account

• electronic payments

Payments made online or using an app that allow the user to automatically debit a bank account or charge a credit card without having to use those cards.

• Electronic Payments

• financial institution

• loan

• online banking

A business that provides money related services.

• online banking

• transaction

• financial institution

• loan

Money borrowed that must be repaid, usually with interest

• loan

• checking account

• credit card

• credit union

A service that allows customers to perform banking activities using the internet.

• financial institution

• online banking

• savings account

• credit card

A bank safe where documents, jewelry or other valuables are kept.

• electronic payments

• credit union

• safe deposit box

• loan