Banking Quiz Owens 10/16-17

moving money from one account to another electronically

• microchip

• money transfer

• deposit

• transaction

a person or business to whom a check is made payable

• POS terminal

• withdraw

• payee

• access

the amount of money on hand

• balance

• access

• account statement

• POS terminal

A for-profit institution that offers a full range of financial services to include, checking, savings and lending for individuals and businesses.

• Credit Union

• Bank

• Financial Institution

• Payday Lender

Businesses that provide money-related products and services.

• Credit Union

• Bank

• Financial Institution

• Payday Lender

A non-profit financial institution that is owned by its members and operated for their benefit.

• Credit Union

• Bank

• Financial Institution

• Payday Lender

A financial institution that will cash checks for anyone for a fee.

• Payday Lender

• Pawnshop

• Reloadable Card

• Check Cashing Outlet

Looks like a credit card, however, money is immediately deducted from your bank account.

• Debit Card

• Money Order

• Reloadable Card

• Credit Card

An electronic message tells a computer to move money from one bank account to another

• Mobile Banking

• Online Banking

• Telephone Banking

• Electronic Funds Transfer (EFT)

A bank account used to save money & make interest

• Savings Account
• Checking Account
• Bank Account
• Credit Card