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Details

Budgeting & Banking
Budgeting & Banking
9
Business
10th Grade
03/01/2013

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Cards

Term
ATM
Definition
Automatic Teller Machine- a bank machine that gives out cash from your account and accepts deposits around the clock
Term
Balancing a Checking Account
Definition
Calculations that ae made to determine the diffrence between the payments from, and the depoits to, a checking account
Term
Bank
Definition
Financial institution at which you can get a checking account or savings account
Term
Bank Statement
Definition
Monthly print out from your bank that shows all transactions in your account
Term
Basic checking Account
Definition
A no-frills checking account that offers a low minimum opening deposit and reduced fees for students
Term
Check
Definition
A debit againest your checking account written on a paper form
Term
Check Cashing Service
Definition
Business that charges a fee to cash a check such as a paycheck. Banks will provide this service for free to their customers
Term
Check Register
Definition
The book in which you keep records of checks,deposits,debit card transactions, and ATM withdrawls.
Term
Debit Card
Definition
Like a credit card, but directly attached to a checking account, and can be used with a PIN to pay for items at a store
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