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| an establishment for custody, loan, exchange, or issue of money, for the extension of credit, and for facilitating the transmission of funds. |
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| Federal Deposit Insurance Corporation |
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| insures each qualified money account in a bank for up to $100,000. |
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| record of how much money you place in your account, how much you withdraw from your money supply, and how much money you have left. |
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| – small monthly Charge for services like a bank statement |
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| The bank will pay you an amount for the money kept in such account |
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| bank depositor’s written requiring the bank to pay a certain amount to a specified party |
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| a check drawn on one bank by another bank |
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| - a cash substitute that insured against loss or theft |
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| a check drawn on an agency’s or bank’s own account by an authorized officer of that agency or bank |
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| drawn on a bank by one of its own officers |
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| -allows bank customers to deposit, transfer, or withdraw money electronically by atm |
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| enables customers to charge purchases up to a maximum amount set by the bank. You are taking out a loan when you use this |
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| - you may pay for your purchases from cooperating businesses and the transactions are recorded directly to your bank account |
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| agreement you sign it will show the amount borrowed, interest charged, the date the total repayment is due, and your signature |
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| property of value that can take the place of a money payment |
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