Financial business vocab 2

FDIC Insurance

• A monthly fee that some banks charge to provide access to checking

• A certain amount of money that must be kept in an acc as required by that particular financial institution

• A mobile banking to that allows you to deposit checks to your bank acc using your mobile device

• Protection provided by the federal deposit insurance corporation

Answer explanation

Study more!!!!!!!!!!!!!!!!!!!!

Endorse

• A consumer banking technology that allows you to schedule

• A loan banks offer to their customers when they try to withdraw more funds than they have in their acc

• To sign the back of a check made out to you so it can be cashed

• A fee charged to your acc when it lacks the funds to cover a withdrawal

Money order

• A certificate that allows the stated payer to receive cash on demand

• Protection provided by the federal deposit insurance corporation

• A fee paid to you for keeping your money in an acc

• A monthly fee that some banks charge to provide access to checking

Interest

• A fee paid to you for keeping your money in an acc

• A certificate that allows the stated payed to receive cash on demand a

Overdraft fee

• A consumer banking technology that allows you to schedule

• A fee charged to your acc when it lacks the funds to cover a withdrawal

Online bill pay

• A consumer banking technology that allows you to schedule

• A mobile banking tool that allows you to deposit checks to your bank acc using your mobile device

Mobile deposit

• A mobile banking tool that allows you to deposit checks to your bank acc using your mobile device

• To sign the back of a check made out to you so it can be cashed

Overdraft protection

• A loan banks offer to their customers when they try to withdraw more funds than they have in their acc

• Protection provided by the federal deposit insurance corporation

Minimum balance

• Certain amount of money that must be kept in a acc as required by that particular financial institution

• A mobile banking tool that allows you to deposit checks to your bank acc using your mobile device

Maintenance fee

• A monthly fee that some banks charge to provide access to checking

• A loan banks offer to their customers when they try to withdraw more funds than they have in their acc