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banking
banking terms
Term | Definition |
---|---|
Budget | A plan for spending money. |
Balance | The amount of money left in an account withdrawals are subtracted from the deposits. |
ATM | A machine that lets you put money into a bank account or take money out. |
Minimum balance | The smallest amount of a person can keep in a bank account without having to pay a fee. |
Intrest | Money that a bank pays you for keeping your money in the bank. |
Check register | A booklet in a checkbook to keep track of checks and deposits. |
Credit card | A card that allows a person to buy something now and pay for it later. |
Deposit slip | A slip of paper you fill out to show how much money you are putting into a back account. |
Withdrawal slip | A slip of paper you fill out to show how much money you are putting into a back account. |
PIN | A code that lets your ATM card work. |
Savings account | Money that earns interest in a bank. |
Fee | Money charged for a service. |
Safe- deposit box | A secure box at the bank for keeping special items |
Deposit | Money put into a bank account. |
ATM card | A card that allows you to use an ATM. |