Banking Vocab

A record of financial transactions associated with a customer at a bank.

• Transactions

• Record

• Account

• Bank Statement

A transaction that removes money from a bank account.

• Debit

• Deposit

• Interest

• Balance

Money placed into a bank account for safekeeping.

• Transaction

• Interest

• Withdrawal

• Deposit

Borrowing money from a bank or financial institution with the promise to repay it later, usually with interest.

• Credit

• Debit

• Overdraft

• Deposit

A bank account used for day-to-day transactions, such as paying bills or making purchases.

• Savings Account

• Credit Account

• Checking Account

• Certificate of Deposit (CD)