Banking Basic Vocabulary #1.Flashcard

Front

An extra charge assessed for a service.

Back

Service Charge

Front

To put money into your account

Back

Deposit

Front

A written form used to pay for purchases from your checking account. It must include date, amount, and your signature.

Back

Check

Front

To take money out of the account.

Back

Withdraw

Front

Money borrowed from a bank that you pay in fixed monthly payments or installments.

Back

Personal Loan

Front

Occurs when money is withdrawn from a bank account and the available balance goes below zero. Transaction is completed, usually with a fee.

Back

Overdraft

Front

monthly report that states your transactions and balance

Back

BANK STATEMENT

Front

a card you use to withdraw money at an ATM or to pay at a store

Back

DEBIT CARD/ATM CARD

Front

the amount of money in your account

Back

BALANCE

Front

to put money $$ in the bank

Back

DEPOSIT