WorksheetsBanking Vocabulary
Total questions: 18
Worksheet time: 9mins
An account used for every day financial transactions or quick access to cash. Enables check-writing, use of debit card, and access to ATMs.
Checking account
Savings account
Deposit
Withdrawal
The act of putting money (cash or check) into a bank.
Debit card
Checkbook
Withdrawal
Deposit
Financial institutions that hold deposits, loans money, and supports other financial functions.
ATM
Bank
Credit Card
Savings account
The act of taking out money from a bank.
Checking account
Deposit
Withdrawal
Savings account
A deposit bank account that lets you securely store funds while also earning interest. You can deposit your money at your bank through cash, check or bank transfer, and it will safely earn interest while it is in your account.
ATM
Debit Card
Checking Account
Savings Account
A payment card that deducts money directly from your checking account to pay for a purchase.
Debit Card
Credit Card
ATM
Checkbook
A payment card that allows you to borrow funds to pay for a purchase. You must pay back the borrowed money, plus any applicable interest, either in full by the billing date or over time.
Debit Card
Credit Card
ATM
Checkbook
A book of blank checks with a register for recording checks written.
Debit Card
Credit Card
Checkbook
ATM
(Automated Teller Machine)
A machine that dispenses cash or performs other banking services when an account holder inserts a bank card.
PIN
Loan
Debt
ATM
(Personal Identification Number)
A security code for verifying your identity. Similar to a password, your PIN should be kept secret because it allows access to important services such as ATMs and transactions.
PIN
Loan
Debt
ATM
A thing that is borrowed, especially a sum of money that is expected to be paid back, sometimes with interest.
ATM
Loan
Interest
PIN
Money that is owed to another person or organization.
ATM
Loan
Debt
PIN
An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero.
Overdraft
Late fee
Bank statement
Credit Score
A late fee is a charge imposed on a consumer who fails to make the payment on a debt by the due date.
Overdraft
Bank statement
Late fee
Credit Score
A record of the balance in a bank account and the amounts that have been paid into it and withdrawn from it.
Credit score
Late fee
Overdraft
Bank statement
A record of your money habits that looks at your past behavior, taking into consideration unpaid bills, debts, and accounts open. A score is given to a bank to indicate if you are likely to pay back money loaned.
Bank statement
Credit Score
Late fee
Overdraft
One of two things; either the money the bank adds to your savings each month, or the amount you need to pay back on top of money you have borrowed over time, such as on a loan.
Interest
Balance
Late fee
PIN
The amount of money you have in a bank account, or the amount of something that you have left after you have spent or used up the rest.
Savings account
ATM
Interest
Balance
