Banking Terms

An extra charge assessed for a service.

• Savings Account

• Checking Account

• Service Charge

• PIN Number

Allows you to borrow money to buy things, There is a cost to borrowing that money.

• Deposit

• ATM

• Vehicle Loans

• Credit Card Loans

To put money into your account

• Account Balance

• Deposit

• Penalty

• Account Balance

A written form used to pay for purchases from your checking account. It must include date, amount, and your signature.

• Check

• CD(Certificate of Deposit)

• Debit Card

• Penalty

A term used to indicate that the depositor's account is inadequate to cover the check. The transaction does not go through.

• Penalty

• ATM

• Insufficient Funds

• Personal Loan

An automatic deposit on a paycheck without having to take a physical check to the bank.

• ATM

• Online Access

• Safety Deposit Box

• Direct Deposit

To take money out of the account.

• Withdraw

• Deposit

• Personal Loan

• Account Balance

Money borrowed from a bank that you pay in fixed monthly payments or installments.

• Money Market Account

• Investment Banking

• Personal Loan

• CD

The second set of numbers; identification number of the owner's checking account

• Debit Card

• Checking Account Number

• PIN Number

• Savings Account

Combines parts of checking and savings accounts; higher interest and more restrictions than a checking account.

• CD

• Savings Account

• Money Market Account

• Investment Banking