Fin Lit Vocab Week #1 - MP1

Front

Easy access to money for daily transactions and cash security.

Back

Checking Account

Front

Lowest amount in a bank account to avoid fees?

Back

Minimum Balance

Front

Payment card that deducts money directly from checking account?

Back

Debit Card

Front

Signing a check or bill on the back to make it payable to someone else or to accept responsibility is called?

Back

Endorse

Front

Bank approval for a transaction means it is..

Back

Authorized

Front

Document ordering a bank to pay a specific amount from an account.

Back

Check

Front

Deposit of funds electronically into a bank account instead of a paper check.

Back

Direct Deposit

Front

Type of facility by banks for borrowing within a limit?

Back

Credit Card

Front

Charge incurred when spending more than available in your bank account.

Back

Overdraft fee

Front

List of all transactions for a bank account over a set period, usually monthly?

Back

Bank Statement