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IFS – Money Manageme

TOPIC 1 The Tools used in Managing Money

QuestionAnswer
Talk directly to another person in a bank Facetoface
An instruction that you give to your bank or building society to make payments, usually on a regular basis, to a UK bank or building society account StandingOrder
When using telephone banking or Internet banking, you have to use this for security purposes Password
Type of card that is as good as cash used to pay for goods DebitCard
With this type of banking you will be asked to enter your customer number on the keypad Telephone
Practice of sending spoof email that pretends to come from your bank or other financial provider Phishing
Automated tool used to transfer money electronically (abbrev.) CHAPS
A useful way in which to send money by post Cheque
Internet banking enables you to manage this online Account
Secure method of making payments online PayPal
You will need this number to get money out of an ATM PIN
Created by: lcartwright
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