Managing Your Money Vocabulary

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

• Automated Teller Machine (ATM)

• Debit Card

• Savings Account

• Interest

An account that allows quick access to funds for transactions

• Commerical Bank

• Mobile Banking

• Saving Account

• Checking Account

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

• Online Banking

• Mobile Banking

• Commerical Bank

• Credit Union

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

• Depository Institution

• Contactless Payment

• Savings Tool

• Automamted Teller Machine (ATM

Depository Institutions that offer many Banking services and are owned by their customers

• Savings Tool

• Interest

• Depository Institution

• Credit Union

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

• Debit Card

• Interest

• Interest rate

• Online Banking

Businesses that provide financial services

• Savings Account

• Savings Tools

• Interest

• Depository Institution

The price paid for using someone else's money

• Property Tax

• interest rate

• interest

• Income Tax

The Percentage rate used to calculate interest

• Earned Income

• Interest Rate

• Taxes

• Taxpayer

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

• Online Banking

• Mobile Banking

• Debit Card

• Checking Account