Managing Your Money Vocabulary.

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

• Savings account

• Mobile banking

• Automated teller machine (ATM)

• Debit Card

An account that allows quick access to funds for transactions.

• Depository institution

• Checking account

• Savings account

• Credit Union

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

• Interest rate

• Contactless Payment

• Interest

• Commercial bank

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

• Mobile banking

• Checking account

• Debit Card

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

• Income tax

• Earned income

• Credit Union

• Taxpayer

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

• Asset

• Debit card

• Savings account

• Mortgage

Businesses that provide financial services.

• Online banking

• Automated teller machine (ATM)

• Credit Union

• Depository institution

The price paid for using someone else's money.

• Interest rate

• Interest

• Savings tool

• Savings account

The percentage rate used to calculate interest.

• Tangible asset

• Interest

• Payroll tax

• Interest rate

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

• Automated teller machine (ATM)

• Credit Union

• Mobile banking

• Online banking