Banking Vocabulary

This account at a bank is used to set aside money.

• Credit card

• Checking account

• Savings account

A service you set up with a bank, credit union, prepaid card account, or a business you owe money to that lets you pay bills online or through a mobile app.

• Check-cashing service

• Bill payment service

• Prepaid card

• Savings account

This is when you send money from one person or place to another or between your own accounts.

• Bank deposit

• Money transfer

• Cash withdrawal

• Credit card payment

You can use this to make purchases at businesses (like grocery stores and gas stations) with money in your checking account.

• Gift card

• Cash

• Debit card

• Credit card

Money you put into your bank account.

• withdrawal

• deposit slip

• service charge

• deposit

Money you take out of your bank account

• withdrawal

• deposit slip

• service charge

• deposit

When you have taken out more money than you have in your bank account.

• endorse

• overdrawn

• debit card

• statement

Card that you use to pay for items and the money comes out of your checking account.

• endorse

• overdrawn

• debit card

• statement

An account used for everyday financial transactions or quick access to cash. Enables check-writing, use of debit card, and access to ATMs.

• Checking account

• Savings account

• Deposit

• Withdrawal

The amount of money you have in a bank account, or the amount of something that you have left after you have spent or used up the rest.

• Savings account

• ATM

• Interest

• Balance