Managing your money vocab

A machine that allows individuals to complete certain transactions from the machine without human assistance

• Automated teller machine (ATM)

• Checking account

• Contactless payment

• Mobile banking

An account that allows quick access to funds for transactions

• Savings account

• Online banking

• Interest rate

• Checking account

For-profit depository businesses that offer financial services to both consumers and other businesses

• Debit card

• Credit union

• Commercial bank

• Checking account

Payment transactions that can be completed with no physical connection between the payment device and the physical point of sale (POS) terminal or store clerk

• Credit union

• Interest

• Contactless payment

• Interest rate

Depository institutions that offer many banking services and are owned by their customers

• Mobile banking

• Credit union

• Online banking

• Savings account

A plastic card that is electronically connected to the cardholder's depository institution account

• Debit card

• Online banking

• Mobile banking

• Savings tool

Businesses that provide financial services

• Credit Union

• Depository institution

• Checking account

• Interest

The price paid for using someone else's money

• Online banking

• Interest

• Savings tool

• Savings account

The percentage rate used to calculate interest

• Savings tool

• Interest

• Interest rate

• Debit card

Allows customers to complete certain transactions from a secured internet site by using a username and password from any place in the world with internet access

• Automated teller machine (ATM)

• Checking account

• Commercial bank

• Online banking