Banking Vocabulary

When you put money into an account you are making a....

• withdrawal

• fee

• income

• deposit

When the bank pays a transaction for you because you don't have enough money in your account it's called an........

• withdrawal

• overdraft

• bank

• income

To take money out of an account is called....

• annual

• withdrawal

• fee

• deposit

My bank charges an annual fee of $50. How many times am I charged this fee?

• twice a month

• once

• once a month

• once a year

My ________________ is money that I earned from doing work.

• Salary

• Fee

• Income

• Overdraft

A movement of money from one account to another is called.......

• income

• fee

• annual

• transfer

I have to pay this when I do not follow the rules of the bank.....

• withdrawal

• fee

• overdraft

• deposit

Transaction:
Hannah paid her rent by writing a $400 check to her landlord.  This is a _________.

• Deposit (+)
• Withdrawal (-)

Transaction:
Money is automatically transferred into Victor’s checking account for earnings from his job.  This is a __________.

• Deposit (+)
• Withdrawal (-)

What are the two types of accounts available at banks and credit unions?

• Checking and Savings
• Checking and Loans
• Savings and Loans
• Debit and Credit