What is Banking?

A financial institution that keeps your money safe and can provide services like checking accounts, savings accounts, loans, and credit cards

• withdrawal

• bank

• fees

• ATM

Items that you own that have value, such as a house, car, stocks, bonds, or the amount of money you have in the bank

• assets

• fees

• emergency fund

• direct deposit

An account with a bank or credit union that allows you to deposit and withdraw money

• savings account

• debit card

• credit card

• checking account

An additional charge that you have to pay to receive a good or service

• overdraft

• withdrawal

• fee

• assets

A written document directing your bank to pay a specific amount of money from your checking account to another person or business

• emergency fund

• overdraft

• debit card

• check

The electronic transfer of money to your bank account, such as a paycheck or tax refund, from an employer or another institution

• direct deposit

• emergency fund

• assets

• overdraft

A plastic card that allows you to spend money directly from your checking account

• Visa

• credit card

• debit card

• Mastercard

A bank-owned machine that allows you to withdraw cash, check your account balance, and deposit money or checks

• bank

• direct deposit

• withdrawal

• Automated Teller Machine

The act of removing money from a bank or financial account

• emergency fund

• fees

• overdraft

• withdrawal

A fee charged by your bank for spending more money than you have in your bank account

• emergency fund

• overdraft

• withdrawal

• debt