Managing Your Money Vocab

A machine that allows individuals to complete certain transactions from the machine without human assistance.

• Automated Teller Machine(ATM)

• Savings Tool

• Savings Account

• Mobile Banking

An account that allows quick access to funds for transactions.

• Checking Account

• Automated Teller Machine(ATM)

• Debit Card

• Contactless payment

For-profit depository businesses that offer financial services to both consumers and other businesses.

• Commercial Bank

• Credit Union

• Savings tool

• Online Banking

Payment transactions that can be completed with no physical connection between the payment device and the physical point of sale(POS) terminal or store clerk.

• Contactless Payment

• Interest Rate

• Credit Union

• Savings Account

Depository institutions that offer many banking services and are owned by their customers.

• Credit Union

• Savings Tool

• Interest Rate

• Debit Card

A plastic card that is electronically connected to the cardholder's depository institution account.

• Debit card

• Credit Union

• Commercial Bank

• Saving account

Businesses that provide financial services.

• Depository Institution

• Mobile Banking

• Online Banking

• Saving Account

The percentage rate used to calculate interest.

• Interest Rate

• Mobile Banking

• Checking Account

• Savings Tool

Tags

CCSS.6.RP.A.3C

Apps that many depository institutions have developed that allow online banking access from devices such as smartphones, tablets, and other mobile devices.

• Mobile Banking

• Online Banking

• Savings tool

• Credit Union

Allows customers to complete certain transactions from a secured internet site by using a username and password from any place in the world with internet access.

• Online Banking

• Mobile Banking

• Savings Tool

• Debit Card