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banking

banking terms

TermDefinition
Fee Money charged for a service
Savings account Money that earns interest in a bank
Budget A plan for spending money
Balance the amount of money left In an account after the 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 money a person can keep in a bank account without having to pay a fee.
interest Money that a bank pays you for keeping your money in a 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.
Safe Deposit Box A secure box at the bank for keeping special items.
Deposit Slip A slip of paper you fill out to show how much money you are putting into a bank account.
Withdrawal Slip A slip of paper you fill out to show how much money you are taking out of a bank account.
PIN (Personal Identification Number) A code that lets your ATM card work.
Deposit Money put into a bank account.
Withdrawal Money taken out of a bank account
Created by: smithmak