Banking Vocabulary

Front

What is the act of taking out money from a bank called?

Back

Withdrawal

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

What is the specific amount of money that a bank requires to open or maintain an account?

Back

Minimum balance

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

What does it mean to sign the back of a check?

Back

Endorsement

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

What is it called when money is automatically transferred into a checking account for earnings from a job?

Back

Deposit

Front

What is a check that has been paid or cleared by the bank called?

Back

Canceled Check

Front

What is the term for a bank's record of all transactions made by an account holder?

Back

Bank statement

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

What is the process of adding money to a bank account called?

Back

Deposit

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

What is a written order directing a bank to pay a specific amount of money from one account to another?

Back

Check

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

What is the term for the interest rate that banks pay to depositors?

Back

Deposit interest rate

Tags

CCSS.7.RP.A.3

Front

What is the term for a fee charged by a bank for maintaining an account?

Back

Account maintenance fee

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4