Checking & Savings Vocabulary

A place you can get money out (withdrawals) and put money in (deposits) with out speaking to a bank teller, also known as an ATM.

• Atomic Teller Machine

• Auto Tell Machine

• Automatic Teller Machine

• Automatic Talker Machine

A small machine that you swipe your credit or debit card to make purchases for consumer goods or services.

• Point of Sale

• Place of Swipe

• Point of Swipe

• Purchase of Sale

Funds that are put into the bank, into a banking account are called?

• Minimum-Threshold

• Checking

• Savings

• Deposit

Funds that are taken out of a bank account, are called a?

• Overdraft

• Withdrawal

• Check Register

• Fee

What is the term for money one has put into an account over a period of time and has not spent it?

• Fee

• Checking

• Savings

• Withdrawal

Money paid as part of a special transaction.

• Fee

• Charge

• Overdraft

• Withdrawal

A company engaged in the business of dealing with money and financial transactions such as deposits, loans, investments, and currency exchanges, aka bank

• Financial Interaction

• Financial Instruction

• Fiscal Institution

• Financial Institution

An arrangement made with a bank whereby one may deposit and withdraw money and in some cases be paid interest.

• Checking

• Account

• Savings

• Fee

An account at a bank against which checks can be drawn by the account depositor.

• Checking

• Savings

• Check Register

• Point of Sale

A deficit in a bank account caused by drawing more money than the account holds.

• Fee

• Simple Interest

• Withdrawals

• Overdraft