Banking Terms

Debit Card

• Used to add money to your bank account.
• Used to take out money from your bank account.
• The same as a credit card.

Transaction

• Adding or subtracting money from your bank account.
• Another word for paycheck.
• Interest earned on your bank account.

Donation

• Something you give to a charity.
• Money you get from working.
• Money you pay for taxes.

Spending

• Money earned from working.
• Money that goes towards wants and needs.
• Working overtime.

ATM Machine

• Another word for a vending machine.
• A machine that gives away free money.
• A machine where you can withdraw money from your bank account.

Bill

• Money that is owed to you.
• Money that you owe (usually monthly).
• Your paycheck.

Earnings

• Money given to you for working.
• Money spent on bills.
• Another word for taxes.

Expenses

• Money given to you for working.
• Money spent on wants and needs.
• Another word for taxes.

Withdrawal

• Adding money to your bank account.
• Taking money out of your bank account.
• Earning a paycheck.

Deposit

• Adding money to your bank account.
• Taking money out of your bank account.
• Earning a paycheck.