Banking vocab 16-28 (2025-2026)

Money you add to your account.

• Deposit

• Withdrawal

• Direct Deposit

• Transfer

Benjamin visits his bank and adds money to his account.

• Deposit

• Withdrawal

• Direct Deposit

• Transfer

Money you take out of your account.

• Deposit

• Withdrawal

• Direct Deposit

• Transfer

James goes to the bank and takes money out of his account to pay for groceries. What is this action called?

• Deposit

• Withdrawal

• Direct Deposit

• Transfer

When money is automatically added to your bank account, usually by your job or the government.

• Deposit

• Withdrawal

• Direct Deposit

• Transfer

Olivia receives her monthly salary, and instead of getting a check, the money is automatically added to her bank account by her employer. What is this process called?

• Deposit

• Withdrawal

• Direct Deposit

• Transfer

Moving money from one bank account to another.

• Deposit

• Withdrawal

• Direct Deposit

• Transfer

Jackson wants to move money from his savings account to his checking account at the same bank. What is this process called?

• Deposit

• Withdrawal

• Direct Deposit

• Transfer

Paying for things using a phone, computer, or other electronic method.

• Electronic Payment

• Federal Deposit Insurance Corp (FDIC)

• Financial Institution

• Mobile Banking

Hannah wants to buy a new pair of shoes online. She decides to pay for them using her phone instead of cash or a check. What is this method of payment called?

• Electronic Payment

• Federal Deposit Insurance Corp (FDIC)

• Financial Institution

• Mobile Banking