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Personal Financial Literacy - Basic Banking Terms
Flashcards
12 cards
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Practice quiz
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Questions
12
Answers
1
Allows you to accumulate interest on funds you've saved for future needs
Savings Account
Interest Account
Checking Account
2
List of activity from your bank account. You receive this from the bank every month.
Activity List
Bank Statement
Online Statement
3
When you try to take more money out of your bank account than you have in your account
Illegal Transaction
Zero Balance
Overdraft
4
Offers easy access to your money for your daily transactional needs, keeps your cash secure
ATM
Checking Account
Savings Account
5
You put money INTO your account.
Deposit
Withdrawal
Input
6
Signing the back of a check
Verify
Signature
Endorse
7
A bank that is owned by its members
Bank
Stock Market
Credit Union
8
You take money OUT OF your account
Outtake
Deposit
Withdrawal
9
A card that is connected to your checking account. When used, funds are withdrawn, or taken out.
Debit Card
Credit Card
Visa
10
A bank that is owned by a group of people to make a profit
Corporation
Commerical Bank
Credit Union
11
When you write a check, but there is not enough money in your account
Withdrawal
Negative Fund Withdrawal
Insufficient Funds
12
An electronic banking outlet, allows customers to complete basic transactions
Teller
CSR
ATM