Banking

Front

What is a PIN?

Back

A Personal Identification Number (PIN) is a numeric code used to authenticate a user when accessing their bank account, especially for transactions using debit cards.

Front

What are online bank accounts?

Back

Online bank accounts are bank accounts that can be accessed and managed via the internet, allowing customers to perform transactions 24 hours a day.

Front

What is online banking?

Back

Online banking is a service that allows customers to conduct financial transactions via the internet, providing convenience for managing accounts and tracking spending.

Front

What is direct deposit?

Back

Direct deposit is an electronic transfer of a payment directly from the payer to the recipient's bank account, commonly used for payroll.

Front

What does it mean to deposit money?

Back

Depositing money refers to the act of placing funds into a bank account, increasing the account balance.

Front

What is a debit card?

Back

A debit card is a payment card that allows users to access their bank account funds directly to make purchases or withdraw cash.

Front

What is an ATM?

Back

An Automated Teller Machine (ATM) is a machine that allows bank customers to perform basic transactions, such as withdrawing cash or checking account balances.

Front

What is the purpose of a check register?

Back

A check register is a record-keeping tool used to track all transactions made with a checking account, including deposits, withdrawals, and fees.

Front

What is a checking account?

Back

A checking account is a type of bank account that allows for numerous withdrawals and deposits, typically used for daily transactions.

Front

What is the difference between a debit card and a credit card?

Back

A debit card withdraws money directly from a bank account, while a credit card allows users to borrow money up to a certain limit to make purchases.