Banking, vocabulary

a special plastic card you use to pay for things that takes out money directly from your bank account

• debit card

• borrow

amount of money a person can spent that is over the amount in his/her bank account

• overdraft

• borrow

put money into a bank account

• deposit

• withdrawal

• cash dispenser

take money from someone with the promise of paying them back at a later date

• interest

• deposit

• borrow

machine you use to take out money from your bank account (also known as ATM – Automatic Teller Machine)

• teller

• cash dispenser

• money machine

money you use in the form of bills or coins

• cash

• effective

• change

a bank account from which you can take money out of at any time

• compound interest

• checking account

• cash dispenser

money that you pay to a bank to manage your account

• overdraft

• deposit

• maintenance fee

take money out of a bank account

• deposit money

• compound interest

• withdraw money

money a bank lends to someone

• interest fee

• loan

• overdraft