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What is a PIN?

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A Personal Identification Number (PIN) is a numeric code used to authenticate a user when accessing their bank account, especially for transactions using debit cards.

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What are online bank accounts?

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Online bank accounts are bank accounts that can be accessed and managed via the internet, allowing customers to perform transactions 24 hours a day.

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What is online banking?

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Online banking is a service that allows customers to conduct financial transactions via the internet, providing convenience for managing accounts and tracking spending.

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What is direct deposit?

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Direct deposit is an electronic transfer of a payment directly from the payer to the recipient's bank account, commonly used for payroll.

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What does it mean to deposit money?

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Depositing money refers to the act of placing funds into a bank account, increasing the account balance.

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What is a debit card?

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A debit card is a payment card that allows users to access their bank account funds directly to make purchases or withdraw cash.

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What is an ATM?

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An Automated Teller Machine (ATM) is a machine that allows bank customers to perform basic transactions, such as withdrawing cash or checking account balances.

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What is the purpose of a check register?

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A check register is a record-keeping tool used to track all transactions made with a checking account, including deposits, withdrawals, and fees.

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What is a checking account?

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A checking account is a type of bank account that allows for numerous withdrawals and deposits, typically used for daily transactions.

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What is the difference between a debit card and a credit card?

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A debit card withdraws money directly from a bank account, while a credit card allows users to borrow money up to a certain limit to make purchases.