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banking

banking term

TermDefinition
Credit Card a card that allows a person to buy something now and pay for it later.
Budget a plan for spending money.
interest money that a bank pays you for keeping your money in the bank.
safe-deposit box a secure box at the bank for keeping special items.
fee money charged for a service.
minimum balance the smallest amount of money a person can keep in a bank account without having to pay a fee.
savings account money that earns interest in a bank.
balance the amount of money left in an account after the withdrawals are subtracted from the deposits.
check register a booklet in a checkbook to keep tracks of checks and deposits.
ATM a card that allows you to use an ATM.
deposit slip a slip of paper you fill out to show how much 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.
deposit money put into a bank account.
withdrawal money taken out of a bank account.
PIN a list of numbers you choose for your account
Created by: gaithertaa