Bank Vocab

A summary of all transactions in a bank account over a certain period.

• Transaction

• Online Banking

• Bank Register

• Bank Statement

  A savings product where you deposit money for a fixed term and earn interest, but can't access the money until the term ends.

• Savings Account

• Certificate of Deposit (CD)

• Wire Transfer

• Money Market

The act of taking money out of a bank account.

• Withdrawal

• Deposit

• Credit

• Balance

Money placed into a bank account for safekeeping.

• Debit

• Withdrawal

• Deposit

• Balance

The electronic transfer of money directly into a bank account, often used for paychecks.

• Online Banking

• Wire Transfer

• Deposit

• Direct Deposit